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America used its power to derail Modi's plans: Powerful country came out against granting farmers Rs. 6,000 per year, India got support from China

In Geneva, the World Trade Organization (WTO) meeting was held. America and European countries spoke out against the agricultural subsidies ...

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In Geneva, the World Trade Organization (WTO) meeting was held. America and European countries spoke out against the agricultural subsidies provided to Indian farmers during this summit. The agricultural subsidy includes the Rs 6,000 annual subsidy given to farmers by Prime Minister Narendra Modi. In such a situation, America and Europe have used all of their resources to put a stop to it. On this topic, India has likewise refused to bow to powerful countries.

WTO gathering to discuss three important topics

The World Trade Organization summit was held in Geneva from June 12 to June 15, 2022. Ministers from 47 of the WTO's G-33 member countries, totaling 164 member countries participated 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 regarding fishing.

3. To bring new rules on Covid vaccine patent.

America, Europe, and other powerful countries backed the resolution on all three concerns, whereas India firmly opposed the wealthy countries on all three suggestions. Despite pressure from powerful countries, India has refused to eliminate agricultural subsidies. In this regard, India now has the support of 80 WTO members.

This includes all these agricultural subsidies: 

  • 6 thousand rupees annually will be distributed under PM Kisan Samman Nidhi
  • Subsidies are provided for urea, fertiliser, and electricity
  • Subsidy given as MSP on food grains

Powerful countries, such as the United States, believe that Indian farmers produce a large amount of rice and wheat as a result of subsidies. As a result, India's grain is relatively affordable in the global market.

 Grain sales in developing countries are lower due to high prices in the United States and Europe. This is why wealthy countries try to prevent India from providing agricultural subsidies in order to dominate the global grain market.  India is not ready to accept it.

Fish farming: Powerful countries feel that developing countries, such as India, produce more fish with government assistance. As a result, other countries must compete in the global market. This is why governments such as the United States want to stop subsidising fishermen. They also want to develop international fishing law.

India has voiced its strong opposition to this. India's argument behind this is that if this happens, then there will be a crisis on the livelihood of 40 lakh fishermen of 10 states of India.

Punjab's farmers who receive the highest subsidies are the most prosperous

The example of Punjab shows how much government assistance or subsidy is required by Indian farmers. According to government statistics, the average Indian farmer household earns Rs 77,124 per year. In Punjab, the average yearly income of a farmer family is Rs 2,16,708. Punjab's farmers' solid economic situation shows how beneficial government assistance can be.

This is why the Indian government provides subsidies to farmers ranging from seeds to water and power. Given the rising cost of farming, the Minimum Support Price (MSP), and electricity subsidies, fertilisers are considered as a necessity.

Despite the fact that America and other powerful countries in the WTO refuse to fund farmers in developing countries, America is well ahead of other countries in subsidising its own successful farmers. This, despite the fact that American farmers earn 52 times more than Indian farmers.

In the WTO, India received support from 80 countries, including China

Despite the fact that India and China's troops are clashing on the LAC over a border dispute, both India and China have united in their opposition to the subsidy plan in the WTO. In this regard, India has the support of 80 WTO member countries.

This is not the first time that two major Asian countries, China and India, have teamed together to disobey WTO norms. Previously, on July 17, 2017, both countries teamed up to challenge western countries on the issue of farmer subsidies. In fact, China provides government aid, i.e. subsidies, to its farmers worth more than Rs 17 lakh per year.

US legislators have threatened to sue India for subsidies

Before the World Trade Organization meeting in Geneva, 28 US lawmakers wrote to President Joe Biden, requesting that India be sued at the WTO. These MPs accused the Government of India of providing farmers with more subsidies than was required by law.

According to the regulations set by WTO , US legislators wrote in their letter,  the Indian government is giving more than 10% subsidy on the production value of food grains. As a result, India's food grains are widely available in the worldwide market at reasonable costs. This is not in the interest of American farmers. This is the reason why US politicians have asked President Joe Biden to take severe action against India

Why is the Covid Vaccine Patent being debated in the WTO?

The WTO G-33 conference also included a discussion about the patent for the Covid vaccination. In fact, the United States and many European countries feel the Covid vaccine should be patented. This means that only the firm that will manufacture and sell the vaccine has the right to do so.

On the other hand, developing countries such as India think that regardless of whose company develops the vaccine during the pandemic, the technology should be shared with all countries. This will aid in the prevention of the pandemic.

To fully vaccinate 70% of the world's population against COVID-19, approximately 1100 crore vaccine doses are necessary. According to the report, 40% of the world's population has yet to receive the first dosage of the vaccine. In this case, India is opposing the Covid vaccination patent.

 

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