Food security and trade: public stockholding through the lens of economies and law

IF 1 Q2 LAW

Journal of International Trade Law and Policy Pub Date : 2023-11-06 DOI:10.1108/jitlp-06-2023-0038

Krishna Bhattacharya, Mahima Ahuja

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Abstract

Purpose The debate to find a solution for domestic price support under the WTO Agreement on Agriculture (AOA) has been a long one. The stance of India is critical to determine due to its large population. This paper aims to analyse the benefits or demerits of minimum price support and what approach could be adopted by India. Design/methodology/approach The paper is a mix of both analytical and theoretical research. The paper first provides a background on the issues related to public stockholding and further analyses some data at which India procures wheat and rice from the farmers and then compares it with retail market prices in India. Findings The paper finds that the difference in price between minimum price support and retail market prices in India for wheat and rice is minimal. Therefore, the concern that India might be taking advantage of the minimum price is uncalled for. India also needs to balance its own interests as well as abide by its WTO obligations. The paper finds that cooperation among countries or regional blocks might help to address the problem of food insecurity. Originality/value The paper portrays India’s stance with regard to WTO AOA as well as studies the Indian market for wheat and rice.

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粮食安全和贸易:从经济和法律的角度看公共储备

在WTO《农业协定》(AOA)框架下寻求国内价格支持解决方案的争论已经持续了很长时间。由于人口众多，印度的立场至关重要。本文旨在分析最低价格支持的利弊，以及印度可以采取的方法。这篇论文是分析研究和理论研究的结合。本文首先提供了与公共储备相关问题的背景，并进一步分析了印度从农民那里采购小麦和大米的一些数据，然后将其与印度的零售市场价格进行了比较。研究发现，印度小麦和大米的最低价格支持与零售市场价格之间的差异很小。因此，担心印度可能会利用最低价格是没有必要的。印度也需要平衡自身利益，遵守世贸组织义务。这篇论文发现，国家或区域集团之间的合作可能有助于解决粮食不安全问题。本文描述了印度对WTO AOA的立场，并研究了印度的小麦和大米市场。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of International Trade Law and Policy LAW-

CiteScore

1.10

自引率

11.10%

发文量

期刊介绍： The Journal of International Trade Law and Policy is a peer reviewed interdisciplinary journal with a focus upon the nexus of international economic policy and international economic law. It is receptive, but not limited, to the methods of economics, law, and the social sciences. As scholars tend to read individual articles of particular interest to them, rather than an entire issue, authors are not required to write with full accessibility to readers from all disciplines within the purview of the Journal. However, interdisciplinary communication should be fostered where possible. Thus economists can utilize quantitative methods (including econometrics and statistics), while legal scholars and political scientists can invoke specialized techniques and theories. Appendices are encouraged for more technical material. Submissions should contribute to understanding international economic policy and the institutional/legal architecture in which it is implemented. Submissions can be conceptual (theoretical) and/or empirical and/or doctrinal in content. Topics of interest to the Journal are expected to evolve over time but include: -All aspects of international trade law and policy -All aspects of international investment law and policy -All aspects of international development law and policy -All aspects of international financial law and policy -Relationship between economic policy and law and other societal concerns, including the human rights, environment, health, development, and national security