360° Coverage : WTO must address developing nations' concerns: Sharma

WTO must address developing nations' concerns: Sharma

Nusa Dua (Indonesia), Dec 3 (IANS) A balanced result from the World Trade Organisation (WTO) ministerial meeting is possible only if the genuine concerns of the developing countries like India are addressed satisfactorily, India's Commerce and Industry Minister Anand Sharma said here Tuesday.

Dec 3 2013, 8:30am CST | by IANS

Nusa Dua (Indonesia), Dec 3 — A balanced result from the World Trade Organisation (WTO) ministerial meeting is possible only if the genuine concerns of the developing countries like India are addressed satisfactorily, India's Commerce and Industry Minister Anand Sharma said here Tuesday.

During a series of meetings with his counterparts and ministers from other WTO member-countries, Sharma said ensuring a positive outcome from the ministerial meeting is the "collective responsibility" of all the members of the multilateral trade body.

Sharma said ensuring food security for large populations was a common concern shared by developing countries, including India and China, as WTO rules in the area of agricultural support have become dated and do not take into account rising prices, according to a statement released by India's commerce ministry.

Sharma held bilateral meetings with representative of several countries, including Karel de Gucht, trade commissioner of the European Union (EU), Gao Hucheng, commerce minister of China, Bireme Abderahim, trade minister of Chad, and Mike Bimha, trade minister of Zimbabwe.

At a luncheon meeting of the India, Brazil, and South Africa (IBSA) ministers, Sharma reiterated India's concerns, especially on the issue of food security.

"Brazil and South Africa conveyed agreement with India's position and wanted to know how best these could be accommodated in the Bali package," a commerce ministry statement said.

Rob Davies, minister of trade and industry of South Africa, and Luiz Alberto F. Machado, minister of external relations of Brazil, participated in the meeting.

Sharma said the issue to be addressed was not just of food security, but inadequacies in the whole draft Bali proposals - whether on export completion, tariff rate quota administration, or trade facilitation.

IANS

Source: IANS

 
 
 

blog comments powered by Disqus

Latest stories

18 Amazon Dash Buttons Released
18 Amazon Dash Buttons Released
The unique Amazon Dash Buttons are on sale now for Prime Members.
 
 
Yahoo Releases Livetext Video Texting App
Yahoo Releases Livetext Video Texting App
The app shares videos, pictures and texts with friends without sound and can rival Whatsapp and Snapchat.
 
 
United Airlines Also Hacked by OPM Hackers
United Airlines Also Hacked by OPM Hackers
The hackers previously breached the U.S. Office of Personnel Management and collected massive data.
 
 
Windows 10 Ads Excessively Show Babies
Windows 10 Ads Excessively Show Babies
Microsoft released a series of Windows 10 commercials with lots of babies.