Nairobi Package + SSM

Concept:  Nairobi Package 
Topic: International Trade, Food Security
Category: WTO, NFSA, subsidies
Related News: Hindu, Jan 21
CNA mentions: 1(July 21)

Nairobi Package 

The 10th Ministerial Conference of the WTO held between 15 and 19 December of 2015 in Nairobi, Kenya adopted what is called the ‘Nairobi Package’. This agreement contains 6 decisions on agriculture, cotton and other issues concerning Least Developed Countries (LDC). Developing nations will be able to use the Special Safeguard Mechanism (SSM) for agricultural products. The SSM allows developing countries to charge additional safeguard duties in case of an abnormal rise in imports or in the event of entry of abnormally cheap imports. This has caused some parties to claim that the SSM might be used excessively creating a trade distortion. Another decision made was that cotton from the LDCs would be made free of duty and quota to enter developed countries.