ISLAMABAD: The rich countries agreement to immediately eliminate agriculture export subsidies would provide a level-playing field to Pakistani exports, said Commerce Minister Khurram Dastgir Khan on Monday.

The WTO has not only agreed on elimination of agricultural export subsidies but also put more restrictions on Pakistan’s competitors, the minister said in a statement issued after attending the 10th WTO Ministerial in Nairobi, Kenya.

He said Nairobi decisions have helped improve prospects for Pakistani farmers and agriculture exports.

In cooperation with numerous allies, the minister said, Pakistan also successfully resisted a move by some large developing countries that could have hurt Pakistan’s agriculture trade through the said countries’ subsidised export of public stocks amassed in the name of food security.

Export subsidies of developed countries such as Australia, Canada, the European Union, Iceland, Israel, New Zealand, Norway, Switzerland, Liechtenstein and the United States shall be eliminated immediately.

By contrast, export subsidies’ entitlement of developing countries like Uruguay, Venezuela, Brazil, Colombia, Cyprus, Indonesia, Mexico, Panama, South Africa and Turkey, shall be eliminated by 2018.

Mr Dastgir said, “We resisted efforts by some large developing countries to prematurely amend WTO’s Agreement on Agriculture in the name of food security, which would allow them to distort trade in their favour by exporting public food stocks at subsidised prices.”
Pakistan also took the lead in welcoming Afghanistan’s formal accession to WTO, he added.

Published in Dawn, December 22nd, 2015

http://www.dawn.com/news/1227901/wto-decision-on-export-subsidy-to-benefit-farmers