channelnewsasia.com - G8 nations to tackle global food crisis
   
 
  blogs  
 
yournews
   
   
Video Finance Lifestyle Travel Weather Discussion TV Shows
CNA Live    | About Us 
 
  Home ›
 
Business News

 
 

G8 nations to tackle global food crisis
Posted: 06 July 2008 0248 hrs

 
 
Photos  of

   
 


BERLIN : German Chancellor Angela Merkel said the G8 group of top industrialised nations at next week's summit will take measures to fight the soaring price of food, in an interview with a German newspaper.

"A vast catalogue of measures to guarantee food supplies worldwide" is expected to be adopted at the G8 summit in the northern Japanese city of Toyako, Merkel told the Tagesspiegel am Sonntag which will be on newstands Sunday.

The measures, based on a German government concept, is intended "to provide short term relief to the food crisis and a long-term strategy to increase the world agricultural production," Merkel said.

The G8 powers also plan to create a task force on the food crisis during the summit, the Japanese newspaper Yomiuri Shimbun said Monday, citing government sources.

The working group will look into the possibility of lifting certain restrictions on exports which prevent the countries most in need from having access to the surplus food of rich nations.

According to the German weekly news magazine Der Spiegel, quoting a six-page document Merkel sent to her G8 colleagues on Monday, the German leader believes the spiralling cost of food could "endanger democratization, destabilise some states and become an international security security problem."

Merkel set up an inter-ministerial working group at the end of April to look at causes, consequences and possible solutions to the problem.

Its recommendations, according to the magazine, include an increase in agricultural production in developing countries.

Merkel also said in the document that Germany would release 750 million dollars this year to help poor countries feed themselves, Der Spiegel added.

The heads of state and government from the G8 nations -- Germany, Canada, France, Italy, Britain, Japan, Russia and the United States -- will meet for three days, starting Monday, in Toyako on the island of Hokkaido.

- AFP

 

 



Other business News
Kraft Foods launches hostile bid for Cadbury
Gold hits record high as dollar weakens
Nokia recalls 14m potentially dangerous chargers
GM's China 2009 sales pass 1.5 million units
Audi, BMW report Chinese sales boost in October
Six APEC economies agree to make customs procedures simpler
SKorea wants Obama to be aggressive on trade pact
Allianz reports 1.32 billion euros in Q3 profit
AXA Asia Pacific rejects US$10.13b takeover offer
Is the Dollar Dying a Slow Death?
GE, Comcast agree on valuing NBC Universal
Japan Airlines' executives to forgo pay in December
APEC senior officials discuss findings of trade finance survey
Asian nations bear brunt of dollar slump
Britain's Brown urges debate on banking reform

 

 
Affiliate Sites:
 
About Us  |  Contact Us  |  Advertise with Us  |  Terms & Conditions