In the run-up to the G8 summit in L’Aquila, Italy later this week, the Financial Times has published information on how these world leaders intend to address global fod security issues.

A draft of the G8’s declaration notes that:

The combined effect of long-standing underinvestment in agriculture and food security, price trends, and the economic crisis have led to increased hunger.  Food security is closely connected with economic growth and social progress as well as with political stability.

The G8 intends to earmark US$12bn over the next three years, much of which will come from the US and Japan.

In a separate commentary piece, Japan’s Prime Minister Taro Aso noted that a global framework needs to be developed by which to measure progress in sustainable agriculture development.  Aso stated:

Japan will work with key partners to develop a global platform to agree on principles and compile good practices.  We call on interested parties to meet in September.  We need a grand coalition with a common vision, for our interests are all entwined.

Indeed.