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'There should be a permanent solution to the grain stock issue for food security'; G33 countries appeal to WTO members
G33 Nations: According to the group, members should agree and decide on the SSM at the 14th WTO Ministerial Conference (MC). However, the G33 statement on the issue of public stock holding called for a permanent solution at the 13th ministerial conference starting on Monday in Abu Dhabi.
The G33 group of countries on Sunday expressed serious concern over the lack of progress in agricultural trade talks. The group urged WTO members to work on a permanent solution to the issue of public storage of grains for food security purposes.
The G33 group includes 47 developing and least developed countries. In a joint statement, the G33 group also said it is a developing country's right to use the Special Safeguard Mechanism (SSM) as an important instrument against major import increases or sudden price declines.
According to the group, members should agree and decide on the SSM at the 14th WTO Ministerial Conference (MC). However, the G33 statement on the issue of public stock holding called for a permanent solution at the 13th ministerial conference starting on Monday in Abu Dhabi.
