The World Trade Organization (WTO) meeting was held in Geneva. In this conference, America and European countries opposed the agricultural subsidy given to Indian farmers. The annual subsidy of Rs 6,000 that PM Narendra Modi gives to farmers is also included in the agricultural subsidy. In such a situation, America and Europe have given full force to stop it. India has also refused to bow down to powerful countries on this issue.
In such a situation, today Bhaskar knows in the explainer that on which issue is the meeting being held in the WTO and why is India opposing it?
WTO meeting on 3 major issues
The WTO meeting was held in Geneva from 12 June to 15 June 2022. Ministers from 47 countries of the G-33 group of WTO comprising 164 member countries took part in this event. Union Minister Piyush Goyal joined from India's side. In the WTO meeting to be held this year, preparations have been made to bring a proposal on these 3 important issues.
1. To eliminate agricultural subsidies.
2. To make international laws on fishing.
3. To bring new rules on Kovid Vaccine Patent.
America, Europe and other powerful countries were in support of the resolution to be brought on all these three issues, while India strongly opposed the powerful countries on all these three proposals. India has refused to abolish agricultural subsidies despite pressure from powerful countries. Now India has got the support of 80 countries of WTO in this matter.
America's grain sales decreased, hence India's opposition
Agricultural Subsidies: America and Europe want India to end all types of agricultural subsidies given to farmers here.
This includes all these agricultural subsidies.
6 thousand rupees given annually under PM Kisan Samman Nidhi
Subsidy given on urea, fertilizer and electricity
Subsidy given as MSP on food grains
Powerful countries like America believe that due to subsidies, Indian farmers produce a lot of rice and wheat. Because of this, India's grain is available in the world market at a low price.
Due to the high price of grain in America and European countries, its sale is less in developing countries. This is the reason why powerful countries want to stop India from giving agricultural subsidies to dominate the world grain market. India is not ready to accept it.
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