Ahead of WTO meet,BJP red flags 8216;peace clause8217;

The peace clause is a formulation proposed by India and a group of developing and least developed country group. The aim of the clause is to shield their foodgrain procurement and subsidized distribution from the WTO agreement on agriculture that seeks to limit food subsidy at 10 per cent of total agricultural output.

Jaitley contended the 10 per cent ceiling is bound to be breached. He said the peace clause,will cripple the food guarantees in the country.