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New Zealand Backs India’s Stance on Public Stock Holding at WTO Meeting

IndiaNew Zealand Backs India's Stance on Public Stock Holding at WTO Meeting

At the ongoing 13th Ministerial Conference of the World Trade Organization in Abu Dhabi, New Zealand’s Trade Minister Todd McClay, serving as the Vice Chair, voiced support for India’s stance on public stockholding.

Minister McClay emphasized the significance of addressing concerns raised by India and other developing nations regarding public stockholding. He stressed the importance of upholding the right of countries to ensure food security for their populations while maintaining market stability.

McClay also highlighted discussions on fisheries, emphasizing the need for sustainable fishing practices globally and New Zealand’s commitment to this cause.

His support for India’s position on public stockholding reflects a growing consensus among WTO members to address food security and agricultural sustainability issues. Discussions at the conference have extended beyond the scheduled time, indicating stakeholders’ commitment to finding balanced solutions.

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