Posted: December 7th, 2014

Development Econimic;

India and US reach WTO breakthrough over food
A global trade deal could add $1tn (£630bn) to the world economy
Continue reading the main story
I.    Related Stories
•    WTO fails to seal global trade deal
•    Hopes dim for WTO global trade deal
India and the US have resolved their disagreements on food security issues, paving the way for the implementation of a global trade pact.
The deal to simplify trade procedures was done at a World Trade Organization (WTO) meeting summit in Bali in Indonesia last year.
But India has been blocking implementation of that agreement.
It wanted assurances that its food security programme would not be challenged under the WTO’s rules.
India’s concern was that complaints based on rules limiting farm subsidies might undermine its spending on food stockpiles intended to ensure that the poor have enough to eat.
Food security programmes are covered by a so-called “peace clause” in which countries agreed to refrain for making such challenges until 2017. The US has now agreed to extend that commitment, in effect indefinitely. This bilateral agreement between the US and India still has to be endorsed by the full WTO membership, and it’s likely to be discussed in the Organization’s General Council next month.
The breakthrough stems from a bilateral summit in September when Prime Minister Narendra Modi visited the US.
It clears the way for the WTO to press ahead with the Trade Facilitation Agreement that was done in Bali.
Analysts have estimated that that trade deal could add $1tn (£630bn) to the world economy, by reducing the costs of conducting trade by for example simplifying customs procedures.
US Trade Representative Michael Froman said in a statement: “On the basis of this breakthrough with India, we now look forward to working with all WTO Members and with Director General Roberto Azevedo to reach a consensus that enables full implementation of all elements of the landmark Bali Package, including the Trade Facilitation Agreement.”
The statement also said Delhi and Washington have agreed that India’s food security programmes would not be challenged under WTO rules “until a permanent solution regarding this issue has been agreed and adopted”.
India sees food subsidies as a crucial way to help the poor

Analysis: Sanjoy Majumder, South Asia correspondent, BBC News

Reflection Paper:
Once finished, you are to write a reflection paper on what you learned about the political processes. It will have two parts:
1. “Part I: You are to write a reflection paper on what you’ve learned in this simulation. The length should be 1,000 –1,500 words. Let these questions guide your reflections a. Does the behavior of your states’ Senators match more of the parties’ rhetoric (and by extension ideology) b. Is it a function of constituencies, in other words, the major interests of the state; or is it a combination of both? c. If both, how much? 2. Part II: An appendix with the data from your research with all of your outlines/summaries to support your conclusions of the reflection paper.
Research:
You are to research the following for your Senators:
1. The states’ essential coalitions for your party designation as well as the state itself. In other words, who are the important people and groups in your state? 2. The economic makeup of your state (major industries). 3. Find out the Senate Committees the Senators from your states are on and their positions.
4. Find the contributions made to the Senators of your respective states. a. This should include all PACs, Super PACs, soft and hard money. b. Any advertising and interest group commercials made by 3rd party organizations since the last Senate election in your state. 5. Your party’s platforms. a. Democratic Party: http://www. democrats.org/democratic-national-platform  b., Republican Party: https ://www.gop.com/platfot   6. The voting history of your states’ Senators on legislation. 7. Amount of money spent on advertising, the spending groups as well as the issues on which those groups spent money. 8. The positions taken by the Senators of your respective states since their elections to the Senate. 9. Determine who spent money lobbying the Senators of your states. What were the issues, and what was spent? a. Do the voting records of your states’ Senators match with the contributors? 10. Note: I will provide you the links at least a week before so you shouldn’t have to spend a whole lot of time on this to get quality information. I encourage you to get a variety of information, especially from academic sources.

This breakthrough on the issue of food subsidies will be seen as a major victory for India.
Earlier this year, India refused to back the Trade Facilitation Agreement – a key deal which could add $1tn to the global economy and create more than 20 million jobs, mostly in developing countries.
So India’s decision to hold out was strongly criticised. Some even saw it as the beginning of the end of the WTO.
India feared that signing up to the deal would affect its $12bn food security programme – a key welfare measure aimed at delivering millions of people from poverty.
As part of this, India buys grains such as rice and wheat from farmers at above market prices, sells a part of it to poor households and stockpiles the rest to guard against shortages.
It does this to both protect farmers, but also provide affordable food to many.

Stockpile deadlock
India’s Commerce Minister Nirmala Sitharaman took to social media to share the latest developments, where she tweeted that India and the US “had successfully resolved their impasse over food securities in #WTO”.
The minister added later: “WTO General Council will receive India’s proposal and US will support us.”
At the centre of the dispute, India had argued that the country itself and other developing economies see food stockpiling as a necessary measure to ensure poor farmers and consumers survive in the business community.
But it involves subsidies for farmers, which can distort international trade and are subject to WTO disciplines.
Western countries, led by the United States, have previously raised concerns that the stockpiles could affect global markets and skew trade.
Who wins?
“This may be considered as a coup of sorts for Prime Minister Modi,” says Vishnu Varathan, a senior economist from Mizuho Bank.
He explains, “getting the US and WTO to concede on food stockpiling helps define the prime minister as a firm leader, who is able to make progress while protecting India’s vital interests.”
Rajiv Biswas, Asia Pacific Chief Economist at consultancy IHS says the deal provides a good solution that addresses India’s concerns.
Mr Biswas adds, “it is also a positive outcome for the WTO as it will pave the way for a very significant WTO trade liberalization agreement to be implemented at a time when some critics were beginning to question the future role of the WTO.”
The Trade Facilitation Agreement, which is now likely to go ahead was NOT about reducing trade tariffs or customs duties, which are being discussed separately. Progress on that, and most other areas of the wide ranging WTO talks known as the Doha Round launched in 2001, has been slow.
The TFA was the one major achievement from those extremely protracted negotiations.

2.     In the main body of the paper, for just your main idea and the exact market segment, show the “Segment Exercise: Accompanying Spreadsheet” (assigned a couple of weeks ago).  Explain how you completed it, including data collection and your thought process.  Be sure to establish why you ranked the segment so highly. Discuss each column.  Especially explain why you believe this segment has a unique need you can satisfy.  Avoid tautological logic, e.g., this product is fun, so I will target people who like fun.  In other words, don’t just define the segment by a person’s needs, but also include demographic characteristics that reflect those needs.  Perhaps, the least important column is, the segment should be large and growing and wealthy. It is not essential that all three be true, and in part the importance of this column may depend upon your aspirations for the venture.

Paper 2 Grading Criteria:

1.    Writing style.  I will severely penalize paper 2, if it is poorly written.
2.    Extensiveness of research.  How much work does it seem like you did to research information? Was your research in-depth or superficial?  Did you find new sources of data!
3.    Depth and quality of analysis of data to reach conclusion.  Did your discussion of the data logically lead to your conclusions?  Was your analysis of information insightful or superficial?  Did you critique the process and make some adjustments to help you refine your conclusions? Note: It may be easy to find objective data to support some conclusions and difficult to find objective data to support other conclusions. In the latter case, try to identify at least some information that might provide support and/or use compelling logic.  Make sure though you clearly indicate you are making an assumption!
4.    Precision with which you defined the benefits (or cost savings) when discussing the unique space and strength of your argument that you have identified a good market segment.
5.    Completed all the required parts of the paper.

PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET AN AMAZING DISCOUNT 🙂