WTO talks likely to get push; trade ministers to meet tomorrow

Trade ministers of key WTO member countries, including India and the US, will meet here tomorrow to review and give a push to the stalled Doha talks for a global trade opening deal.
HT Image
HT Image
Updated on Jan 28, 2011 03:09 PM IST
Copy Link
PTI | By, New Delhi/davos

Trade ministers of key WTO member countries, including India and the US, will meet here tomorrow to review and give a push to the stalled Doha talks for a global trade opening deal.

The meeting, convened by Switzerland, will take place on the sidelines of the annual World Economic Forum (WEF) meeting.

According to Indian officials, the meeting would discuss the progress of Doha talks and "see what the members can achieve what G-20 has mandated".

WTO Director General Pascal Lamy would participate in the deliberations.

European Union (EU), Brazil and Australia will also attend the meeting.

At the last meeting of the G-20 in Seoul in last November, leaders of the world's most influential countries, including the US and the EU, Brazil and India, had pressed for concluding the WTO talks for a multilateral agreement in 2011.

"Our strong commitment to directing our negotiators to engage in across-the-board negotiations to promptly bring the Doha Development Round to a successful, comprehensive and balanced conclusion...

"We recognise that 2011 is a critical window of opportunity, albeit narrow, and that engagement among our representatives must intensify and expand," the G-20 leaders had said.

Doha round of talks under the aegis of the World Trade Organisation (WTO) started in the Qatari capital in 2001 for achieving a global trade deal, but a breakthrough has not been reached upon yet. Differences between rich and developing nations have been a stumbling block.

India and other developing nations have been defending their agricultural market to protect millions subsistence farmers from easy imports that may result from the multilateral agreement.

The US and the other developed countries, however, seek more market access in developing nations, including India. As per the WTO estimate, successful conclusion of Doha talks could boost the global trade by up to USD 200 billion in a year.

SHARE THIS ARTICLE ON
Close Story
QUICKREADS

Less time to read?

Try Quickreads

  • A screengrab of the viral video. (ANI)

    Eknath Shinde's wife plays drums to welcome the new Maharashtra CM | Watch

    Maharashtra chief minister Eknath Shinde received a grand welcome at his home in Thane, as he returned there for the first time since he launched a revolt against Uddhav Thackeray – the now-former chief minister – and triggered a chain of events that culminated with Thackeray's resignation, and Shinde succeeding him in the top post. A video of his wife, Lata Shinde, who welcomed back by playing drums playing the drums is going viral on social media.

  • As Central Consumer Protection Authority (CCPA) has prohibited eateries from automatically or by default levying service charges on food bills, restaurateurs feel this isn’t in the welfare of their staff. (Photo: Sanchit Khanna/HT)

    Staff will suffer, feels restauranteurs; customers happy

    On Monday, the Central Consumer Protection Authority prohibited eateries from automatically or by default levying service charges on food bills. This decision has left restaurateurs feeling anxious as they think this isn't in the welfare of their staff. Prabhat Verma, who runs a food group, DRAG, says he's happy and excited with this change. Another foodie, Priyanka Talreja, says as a customer and frequent visitor to restaurants, it was a much-needed move.

  • Delhi chief minister Arvind Kejriwal (right) with deputy CM Manish Sisodia in the state assembly on Tuesday. (HT Photo)

    ‘Biggest proof of honesty’: Kejriwal, Sisodia hail CAG report on surplus revenue

    A day after the Comptroller and Auditor General of India said in an audit report that Delhi has been recording a revenue surplus since 2015, chief minister Arvind Kejriwal on Wednesday said the numbers are the “biggest proof” of the Aam Aadmi Party's “honesty”. Deputy chief minister Manish Sisodia presented the 2021 CAG report on state finances, for the financial year ending March 2020, in the Delhi assembly on Tuesday.

  • Despite spending around <span class='webrupee'>₹</span>20 crore on a sewerage system in the town in 2019, not even a single legitimate connection has been allotted to the households. (Image for representational purpose)

    No sewer connection allotted in Sangrur’s Bhawanigarh since 2019

    The municipal council of Sangrur's Bhawanigarh town has turned a mute spectator while residents are constantly enjoying unauthorised sewer connections, resulting in loss of crores to the civic body every year. Despite spending around Rs 20 crore on a sewerage system in the town in 2019, not even a single legitimate connection has been allotted to the households. This is despite the implementation of 'One Time Settlement Policy' in the state.

  • The accused were identified as Lachman Singh of Ghal Khurd village and Sukhpal Singh of Macchi Bugra village, both in Ferozepur district. (Image for representational purpose)

    Punjab: Two aides of A-category gangster held with weapons in Moga

    Moga police on Tuesday arrested two close aides of fugitive A-category gangster Arshdeep Singh, alias Arsh Dalla, with three pistols. The police claimed that one of the accused was among two shooters, who had opened fire outside the house of panchayat secretary Sukhveer Singh in Moga's Dalla village. The accused were identified as Lachman Singh of Ghal Khurd village and Sukhpal Singh of Macchi Bugra village, both in Ferozepur district.

SHARE
Story Saved
×
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Wednesday, July 06, 2022