Bilateral emergency export reserve mechanism under climate change

Area of Science:

• Agricultural Economics
• International Relations
• Climate Change Adaptation

Background:

• Multilateral food aid and regional food security mechanisms face challenges adapting to climate change.
• Existing systems may prove insufficient for future food security needs.

Purpose of the Study:

• To propose a novel framework for a bilateral emergency export reserve mechanism.
• To enhance food security for importing nations through international cooperation.

Main Methods:

• Conceptualizing a framework for bilateral cooperation.
• Integrating corporate social responsibility (CSR) of transnational agribusinesses.
• Establishing joint management of emergency export reserves.

Main Results:

• The proposed mechanism offers simplified negotiation and transparent operating procedures.
• It ensures reciprocity in bilateral cooperation.
• It enhances safeguarding of food security for importing countries.

Conclusions:

• Bilateral emergency export reserves managed by agribusiness present a viable alternative to current mechanisms.
• This framework can bolster food security resilience in the face of climate change.