SouthViews No. 72, 24 July 2013

G77 on Food and Agriculture: Subsidies of Rich Countries and Commodity Speculation Must Be Curbed

The G77 and China made a statement on SDGs and food security and sustainable agriculture as well as health, stressing the need for developed countries to cut rich countries’ agriculture subsidies and for curbing speculation in commodity markets that result in price volatility. Many developing countries that were self sufficient in or exporters of food now depend on imports. Below are excerpts of the statement presented by Ambassador Peter Thomson of Fiji, Chair of the G77 and China, on behalf of the Group, at the third session of the UN working group on SDGs, on 22 May 2013.

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G77 on Food and Agriculture: Subsidies of Rich Countries and Commodity Speculation Must Be Curbed


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