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Friday, a report affirmed that in the Doha round of global trade talks, India expressed its wish to rethink the formula applied for the agricultural and industrial tariffs, and Indian officials consider this as a good step forward to resume the negociations in the talks.
Expert negociators on agricultural and industrial trading issues from the World Trade Organisation released a few days ago a list of technical proposal in scope of bringing back to life the age-old efforts to reduce barriers for the global trade.
Kamal Nath, Commerce and Industry Minister of India reported to the Press Trust in his country that it would be a good basis on the initiation of intense negociation if the others would consider a new draft text regarding Non-Agriculture Market Access.
Talking about the sidelines of a conference he held in New Delhi, Nath said he has had a meeting on Friday with WTO Director General Pascal Lamy and he informed him that the draft text is not of convergence, but it will certainly direct them to further negociations.
Indian officials hope the Doha Round reach an agreement to speed up development in undeveloped countries when the negociations start in early September.
Continued in February after a 6 month suspension, the Doha talks suffered another discomfort the previous month when some of the main negociators, the United States, the European Union, India and Brazil, couldn't agree upon the increase of the tarrif and export subsidy cuts.
A new draft suggests duties related to the industrial import below 23 percent for 27 unindustrialized nations. Both India and Brazil were looking for a 30 percent in order to protect their industrial growth.
Some other proposals regarding agricultural development suggested that the United States support the US farmers with sums between 12.8 billion and 16.2 billion USD per year.
Developing countries the agricultural subsidies of the richer nations depress in some way the prices and don't allow for their small farmers to take part in the competition for the world markets.
For providing the requested farm cuts, the wealthier nations demand deeper concessions from the poorer on access to the industrial markets.
22:38
Posted on Jul-26-2007
