The Hindu Business Line : Make global farm trade less distorted: FICCI

New Delhi, July 22 With the World Trade Organisation’s Mini-Ministerial entering the second day of intense negotiations, the Federation of Indian Chambers of Commerce and Industry has called upon the developed countries to demonstrate their preparedness towards making the global agricultural trade less distorted.

“Issues like significant reduction in trade-distorting domestic support, tariff capping for developed countries and tariff simplification need to be adequately addressed in the Doha agriculture negotiations currently under progress in Geneva. The latest text provides for special carve-outs for developed countries in case of tariff caps, sensitive products and domestic support that would only perpetuate the distortions in global farm trade,” said Dr Amit Mitra, Secretary General, FICCI.

He also emphasised that the key issues of concern to India namely, special products and special safeguard mechanism should be reflected in a more effective manner in the final outcome.

The chamber said that the July 10 draft on agriculture kept the provision of having tariffs above 100 per cent for developed countries in both sensitive and non-sensitive products categories.

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