

Kamal Nath, Minister of Commerce
& Industry, with Trade Ministers of G-20 in Geneva on July 28, 2004
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We have succeeded for the first time in
bringing into the framework agreement the concept of food security, livelihood security
and rural development. Developed countries have been conveyed in clear terms that the
artificiality of prices (flowing from heavy agricultural subsidies) maintained by them
cannot give them market access (in developing countries), so all export subsidies will
have to be eliminated. Developed countries have recognised that agricultural trade with a
heavy subsidy component is not free trade. The framework on agriculture fully meets
India's key demands designed to preserve the country's domestic policy space by providing
for special products, special safeguard mechanism and a special and differential treatment
in respect of market access
in agriculture.
- Kamal Nath
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