January 15, 2014
Kim Elliot, a senior fellow at the Center for Global Development, suggested in an interview with Inside U.S. Trade that WTO members should drop the single undertaking approach and pursue an early agreement in a basket of issues related to agriculture and food security. In addition to the public stockholding issue, this could include disciplines on domestic agriculture subsidies and export competition left over from the Doha round, as well as export restrictions on agricultural products.
She said it may be possible to find an internal balance within such an agricultural package in part because major developed economies like the U.S. and EU are subsidizing their agricultural producers to a lesser extent than before, so it may be easier for them to take on commitments in this area. In addition, major developing countries such as China and India are also now providing agricultural subsidies, so developed countries have an offensive interest in this area.