Friday, July 11, 2008

India Asks WTO Meeting To Be Postponed

This report out of India is suggesting that India is about to request a postponement of the forthcoming WTO Ministerial

As a result of the two-day special session of Parliament being convened for a trust vote, India will request the World Trade Organisation (WTO) to reschedule a meeting of trade ministers that was to begin on July 21 at Geneva.
The mini-ministerial is to be attended by nearly 50 trade ministers from across the world and aims to finalise the Doha round of trade talks. However, with Parliament session to be held on July 21 and 22, Commerce Minister Kamal Nath will not be able to reach Geneva on time.
Officials told Business Standard that the government will make a request to WTO shortly. The WTO secretariat is open to Indian official negotiators representing Nath on the opening day of the meeting on July 21, as there is unlikely to be any major discussion that day.
However, on other days, Nath's presence is mandatory, as he will have to negotiate the last few contentious issues on India's behalf.
All eyes will now be on the WTO as it will have to convince other trade ministers from nearly 50 countries to agree to India's proposal. The country is a significant player in the Doha Round, as it is home to more than nine million farming households.
Meanwhile, preparations are on in full swing at WTO for the meeting. Revised draft texts on agriculture and non-agricultural market access (Nama) were released on Thursday, and will form the basis of the talks.
However, the Indian industry has demanded a better draft text on non-agricultural market access (Nama).

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