Worldwide Food Crisis, beacuse of Russia-Ukraine war and WTO is developing problems in exporting of food for India said Ms. Sitharaman.
Worldwide food crisis: Finance Minister Nirmala Sitaraman said the World Trade Organization (WTO) is creating problems for countries such as India, which can solve the problem by exporting agricultural products, especially grain, as global food shortages after the Ukraine war have resulted in global food shortages. .
In response to India’s concerns, WTO Secretary-General Ngozi Okonjo-Iweala said at the just-closed annual spring meeting of the International Monetary Fund (IMF) and the World Bank that the WTO sees this very positively and hopes everything goes well , the minister told a group of Indian journalists here.
The United States has called on India to support on the current food grain situation, India’s ambassador to the United States, Taranjit Singh Sandu, said in a press conference with the Minister.
“At the plenary session, I was very positively inspired by the fact that the WTO’s reaction was very positive. Use agricultural products after processing the buffers needed for food security purposes. We hope to break the decades of limitations that have hindered us.
May farmers also get better profits,” Sitharaman answered the question. She said India has identified grain export and manufacturing opportunities after the Ukrainian crisis.
Nirmala Sitharam says on meet with WTO DG and tells more about worldwide food crisis !
“Opportunities we have identified and made progress … Exports of cereals, especially wheat. Also, due to the situation where suppliers are unable to continue the supply of these items because of the interruption which needed to be solved sson.” she added.
“Because of this, countries like India that can probably supply are struggling with the WTO, where the whole plenary recognizes that there is hunger and grain shortages around the world. The DG, WTO also attended the plenary and they said this. She told me that she would raise a problem, but we looked forward to it and hopefully it would be resolved.”
So it was a very positive and very optimistic reaction from DG. These are opportunities for us to open up from difficult situations. India is trying to find its own products and two markets. She said there was grain in the hunger that helped meaningfully and there was nothing to prevent them from going there.
In reference to the remarkable progress India has made with digitalization, she recognizes that the more digitalized a country is, the easier it is for the subject to be financially included and therefore easier to achieve profits.
Therefore, she said, India’s recent achievements in terms of digitalization and the benefits that India can gain from it during and still from the pandemic will be recognized. She said some countries are coming to India to learn more about it.
