Business Daily from THE HINDU group of publications
Saturday, July 26, 2008
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Business Daily from THE HINDU group of publications Saturday, July 26, 2008 ePaper | Mobile/PDA Version | Audio |
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Update at 1745 hrs (IST)
Agri-Business WTO extends trade ministers' meet GENEVA: Amid renewed hopes of a breakthrough, the WTO has extended the ministerial meeting till next week to allow negotiators more time to narrow differences and reach a deal for opening the world trade. The ministerial meeting of 30 trade ministers from member countries that began on July 21 was to end today. While the countries stuck to their hard stance bringing talks to the brink of collapse, hopes of a revival sprung up on the back of “some interest ing ideas” yesterday. “The talks have not collapsed. All ministers have agreed to be here,” Commerce Secretary, Mr Gopal Pillai said. Mr Pillai said while broad issues in agriculture and non-agriculture market access have been discussed, areas such as cotton, preference erosion and tariff simplification have not yet not been touched. “We have only finished part of the issues.” he said. The meeting may continue till middle of next week. With not much headway in the agriculture and NAMA talks, the services conference was postponed a couple of times. “The fact that the services conference is taking place suggests there is some movement in the sticky areas of agriculture and industrial goods,” an industry official said. - PTI
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