WTO talks collapse disappointing: Industry
July 30th, 2008 - 5:17 pm ICT by ANI New Delhi, July 30 (ANI): The Confederation of Indian Industry (CII) is disappointed over the inability of Trade Ministers to bridge their differences at the Doha WTO negotiations in Geneva.
In a statement, R Gopalakrishnan, Chairman, CII WTO and Trade Agreements Committee and Executive Director, Tata Sons Limited, said: “It is disheartening to know that the talks collapsed over the issue of a reasonable trigger point needed to safeguard the livelihood concerns of millions of subsistence farmers in developing countries.
While expressing Indian industrys complete support on the stand taken by Commerce Minister Kamal Nath, Gopalakrishnan said that if the proposal of 40 percent volume surge to trigger the safeguard had been accepted, it would have substantially diluted the Special Safeguard Mechanism available to developing countries.
“Even the 10 percent import surge proposal from India and other developing countries was very liberal,” felt Gopalakrishnan.
“Agriculture goes beyond trade for India and the livelihood of its farmers cannot be compromised,” he added.
The collapse of the talks is a set back for the multilateral trading system and its principle of promoting free and fair trade, Gopalakrishnan said, adding that the hard work that went over last nine days in reaching a convergence has come to a nought.
He expressed hope about the negotiations being restarted soon, so that the development accord that all WTO members committed themselves to almost seven years ago, can be successfully concluded. (ANI)
- 'Time ripe to conclude WTO Doha Round talks' - Apr 28, 2011
- India must take lead to conclude global trade talks: Pascal Lamy - Sep 11, 2011
- Delhi 'breakthrough' will restart Doha trade talks: Anand Sharma (Roundup) - Sep 04, 2009
- India's trade negotiations to be centered on WTO talks outcome - Feb 25, 2010
- Industry disappointed at WTO failure, but backs India's stand - Jul 30, 2008
- Doha deal unlikely in 2010: Commerce Secretary - Sep 13, 2010
- India set to host two-day global trade talks from Thursday - Sep 02, 2009
- Doha round can provide $500 bn boost to world economy - Sep 13, 2010
- Doha round can't be allowed to collapse: Anand Sharma - Sep 05, 2011
- Delhi 'breakthrough' will restart Doha trade talks: Anand Sharma (Lead) - Sep 04, 2009
- India takes steps to re-energise Doha round of trade talks - Aug 24, 2010
- IBSA calls for early conclusion of WTO Doha round - Jan 28, 2012
- WTO expects "more substantive" talks in Doha Round soon - Aug 12, 2010
- Doha Round's failure will weaken WTO, says Lamy - Nov 19, 2010
- Early conclusion of WTO talks in India's interest: Sharma - Dec 08, 2009
Tags: cii, commerce minister, confederation of indian industry, developing countries, gopalakrishnan, import surge, kamal nath, livelihood, multilateral trading system, nine days, nought, sons limited, subsistence farmers, tata sons, trade agreements, trade ministers, trigger point, wto members, wto negotiations, wto talks
