In Buenos Aires, talks at the 11th Ministerial meeting of the World Trade Organisation (WTO) is on the brink of collapse, with the US refusing to engage in the effort to find a permanent solution to the public stock holding issue. <br/><br/>According to official sources, on the third-day of the conference, Assistant US Trade Representative Sharon Bomer Lauritsen in a small group meeting said that permanent solution to the food stock holding issue was not acceptable to America.<br/>'<br/>India has all through been maintaining that a permanent solution to food stockpile issue was a "must have" at the ongoing ministerial and failure to do so would impact the credibility of the strong multilateral trade institution.<br/>'<br/>The Indian team led by Commerce and Industry Minister Suresh Prabhu, in cooperation with the G33 grouping, is pitching hard for permanent solution to food security issue as it is crucial for livelihood of 800 million people across the globe. <br/><br/>In his plenary address, Mr Prabhu had emphasised that WTO members must find a permanent solution to the public food<br/>stockpile issue. <br/><br/>Under the global trade norms, a WTO member country's food subsidy bill should not breach the limit of 10 per cent of the value of production based on the reference price of 1986-88. <br/><br/>Apprehending that full implementation of food security programme may result in breach of the WTO cap, India has been seeking amendments in the formula to calculate the food<br/>subsidy cap.<br/>'<br/>The four-day ministerial conference which began on Sunday ends tomorrow with very little time for any substantial retrieval of positions by the WTO members.<br/>'<br/>