Business Daily from THE HINDU group of publications
Monday, Jul 03, 2006
Business Daily from THE HINDU group of publications Monday, Jul 03, 2006 |
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WTO Industry & Economy - Foreign Trade WTO members may meet again to rescue Doha round Our Bureau
New Delhi , July 2 With the mini-ministerial conference of the World Trade Organisation in Geneva ending in an impasse, key trading nations of the world may make another attempt by July-end to hammer out an agreement for completion of the Doha round of negotiations before December 2006. "I hope that there is another meeting by the end of this month," the Union Commerce and Industry Minister, Mr Kamal Nath, said on arrival from Geneva. However, with the collapse of talks at Geneva, the target of December 2006 for completion of Doha round looks more difficult, he pointed out. The Minister said he decided to return from Geneva two days before the meeting was scheduled to end, as there was no negotiating space. He said India could not have been part of any agreement that did not address the "development concerns of developing countries". "Developed countries will have to address trade-distorting subsidies in agriculture," he said adding that he had gone to Geneva so that "Indian farmers can get something and not give something." "If developed countries are seeking market access, if they are seeking to enter Indian market, which destabilises Indian farmers then it is not possible to have an agreement," he added. All the major players have talked of the need for a breakthrough by end of July.
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