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| momagri advocates principles of regulation and governance to outline the foundations of an international agricultural and food policy that would serve as groundwork for a new global governance system.
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| This regulation and governance strategy is based on the following ten principles: | |
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| Consider agriculture and food as global public goods. Agriculture is a strategic sector for the future of mankind and agricultural price hyper-volatility threatens food security and world peace;
Set indicative equilibrium prices per agricultural product and per large homogenous economic zone, because farmers require visibility to achieve sustainable production, that is to say product prices that match fair compensation levels instead of generalized dumping;
Determine regulation-free fluctuation ranges around these equilibrium prices and a compulsory negotiation process beyond these ranges;
Build up intervention reserves to be managed at the global level;
Initiate a deduction/restitution system per homogenous economic zone. Trade between economic zones would be carried out by applying withdrawals or restitutions between zones when market prices would be outside the fluctuation-free price ranges;
Encourage investment into poorer countries. In such countries, the reference to equilibrium prices and the definition of fluctuation ranges will make allowances for economic development goals to advance investment;
Implement monitoring and cooperation committees per product by pooling producing countries and a panel of consumer nations;
Create a Global Food Security Council. A permanent entity would bring together about 20 nations from the five continents and make all regulation decisions;
Use steering and decision-making assistance tools, such as the momagri model and the momagri agency;
Instigating negotiations to reduce financial aid and subsidies based on new foundations. The implementation of these principles will lead to a cut in export subsidies and national financial aid more effectively than the WTO negotiations, since risks related to market excesses will be curtailed. |
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| Principles of Regulation and Governance |
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Advocating for agricultural market regulation and global food governance | |
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