India | UK | US

WTO's Lamy pushes for resumption of trade talks on India visit

Posted : Tue, 12 Aug 2008 14:04:41 GMT
By : DPA
Category : India (Business)
News Alerts by Email ( click here )
India Business News | Home
New Delhi — World Trade Organization (WTO) chief Pascal Lamy Tuesday met Indian Prime Minister Manmohan Singh to gauge whether India wanted to resume the Doha global trade negotiations, news reports said. Lamy, according to sources quoted by PTI news agency, sought Singh's views on whether India wanted to keep working or wanted to take time out.

The prolonged Doha negotiations on a new global trade pact collapsed during ministerial talks in Geneva in July over differences between the United States and India on a proposed safeguards mechanism which would allow developing countries to protect their farmers by raising tariffs if there was a surge in imports.

India's Commerce Minister Kamal Nath said earlier that the stalled negotiations should be seen as a pause and not a breakdown. Lamy, however,is keen on the talks resuming as soon as possible, saying a global deal was still possible by the end of this year.

Speaking at a conference on global development goals organized by the federation of Indian Chambers of Commerce and Industry, Lamy said WTO member states told him after the talks collapsed: "Don't throw in the towel. Please reserve what's on the table. We have never been so close."

Nath, while addressing the internatonal gathering in New Delhi, said if the Doha negotiations did not see a change in its objectives, Lamy's attempts to bring the talks back on track would yield no results.

Lamy warned earlier that if the WTO could not reach a deal, US trade-distorting farm subsidies could jump to 48 billion dollars a year from the 14.5 billion offered by the Bush administration at Geneva.

Nath responded that while India was keen to resume negotiations it could not be expected to accept "flaws" like the price developing countries were being asked to pay for developed countries to cut subsidies.

He said the talks could resume and be successful if the focus was on a "revival of the weakest" and not "survival of the fittest."

Lamy's visit to India is seen as part of efforts to put the seven-year negotiations back on track. After his visit to India, the WTO chief is scheduled to visit Washington.

"My simple message here in Delhi and next week in Washington is that look carefully at what is on the table and not on results, listen to all WTO members and efforts should be to conclude the talks," Lamy told reporters earlier in the day.

Copyright DPA

Share/Save/Bookmark

Article : WTO's Lamy pushes for resumption of trade talks on India visit
Print this article
Email this article

Stay Updated
News gadget on your Google homepage
Subscribe to a news feed in Google Reader


Related News

India's Suzlon sells stake in Belgian firm Hansen
New Delhi - Suzlon Energy, India's biggest wind-turbine maker Friday said it has sold a 35-per-cent stake in Belgian wind gearbox maker Hansen for 370 million dollars. Suzlon through its Netherlands-based subsidiary AE-Rotor Holding BV sold 236 milli...

Indian farmers protest for higher sugarcane prices - Summary
New Delhi - Thousands of sugarcane farmers marched through the streets of the Indian capital Thursday disrupting traffic and paralysing key roads as they demanded higher prices for their crops. The protests affected India's Parliament which was adjou...

Indian billionaires almost double on market rebound, Forbes says
New Delhi - India's billionaires' club almost doubled from 27 in 2008 to 52 in 2009 largely due to a rebounding stock market and economic growth of 6 per cent, Forbes Asia said. Mukesh Ambani, chief of Reliance Industries Limited, remained India's we...

Legislators, farmers protest for higher sugarcane prices in India
New Delhi - Opposition legislators forced an adjournment of Parliament as thousands of farmers gathered in the Indian capital Thursday demanding higher prices for sugarcane crops than those fixed by the government. Farmers from the northern state of ...

India, Canada aim at free trade, to seal nuclear pact soon
New Delhi - India and Canada on Tuesday signed an agreement to facilitate cooperation in energy security and another accord aimed at reaching a bilateral free trade agreement. Indian Prime Minister Manmohan Singh and his Canadian counterpart Stephen ...

Asian Development Bank to fund infrastructure projects in India
Manila - The Asian Development Bank (ADB) said Tuesday it would loan 700 million dollars to India for infrastructure projects to be developed by public-private partnerships. The loan would be released in three tranches over five years to state-owned ...

Air India posts 1.2-billion-dollar loss
New Delhi - India's national carrier Air India reported a net loss of 55.5 billion rupees (1.2 billion dollars) for the financial year which ended March, news reports said Thursday. The state-run airline, which announced the results in the southern c...

Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 

 

More India (Business) News click here
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark

 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases

 


The Earth Times
News Category

© 2009 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.