Financial Daily from THE HINDU group of publications
Tuesday, Sep 16, 2003

Port Info

Group Sites

Industry & Economy - WTO

Singapore issues led to failure: CII

Our Bureau

New Delhi , Sept. 15

THE Confederation of Indian Industry (CII) on Monday ``applauded'' the Commerce Minister, Mr Arun Jaitley, for his ``outstanding performance'' at the World Trade Organisation (WTO) conference in Cancun, Mexico.

In a statement, the chamber has said Cancun failed because the West and the developed countries misunderstood the mood of the world. ``They misunderstood that the countries of Asia, Africa and Latin America wanted to express their views and it was, in fact, Africa which rose in revolt against the Singapore issues of investment, trade facilitation and Government procurement,'' the chamber said.

Strangely, agriculture did not break Cancun, the Singapore issues broke Cancun, the chamber has pointed out.

``India did not break Cancun. Africa broke Cancun, Gratifyingly, the G-15 and G-21 alliances of the developing countries remained intact right through,'' the statement said.

The chamber has expressed its regret that the Cancun WTO conference collapsed without an agreement. ``Cancun represents a turning point in trade negotiations. These will never be the same again. The developing countries are now a force to reckon with and now India led by Mr Jaitley, was a major force in bringing together many countries on a common platform, the chamber has said.

Article E-Mail :: Comment :: Syndication

Stories in this Section
`Unorganised sector tops job creation'

Car sales slow down in August — Commercial vehicles up 39.3 pc
Monetary policy has differential effect on States: Study
CEOs spot several core areas for Indo-Pak ties
KRL opposes FACT plea to scrap entry tax on petroleum products
Oil PSUs to share LPG subsidy burden; Reliance spared
`Patents Controller can certify tax deduction on royalty income'
SSI Ministry to focus on development of clusters
State Govts seek more time for CAS rollout
Radio City moves court for licence protection
3 new FM transmitters for Kerala
Foreign study programme
FAPCCI offers to lend a hand
Hard times for handloom `kora' silk units
Kerala Nabard office shifted
Sharad Yadav rules out National Test House merger with IBS
Cancun trade talks collapse — Disappointed but not downhearted: Supachai
NGOs blame rich nations for failure
Assocham hails India's stand at Cancun
Singapore issues led to failure: CII
FICCI praises firm stand at Cancun
Intellectual Property Appellate Board to be set up in Chennai
Micro-credit and macro risks?
Ministry, MNES tie-up for rural tech mission
Outsourcing benefits everyone: Advani
Philately expo from Sept 20
Jute exports increase 62 pc — But miss Rs 1,000-cr target
Sharjah hopes to sell 5,000 holiday packages in India
CPWD official gets award

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |

Copyright 2003, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line