India to work for balancing interests in WTO talks

India to work for balancing interests in WTO talks
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First Published: Thu, May 24 2007. 05 46 PM IST
Updated: Thu, May 24 2007. 05 46 PM IST
PTI
New Delhi: India said on 24 May 2007 it will work toward creating a balance of “give-and-take” among the developing and developed countries for ensuring the success of the Doha Round of trade talks.
“I intend to continue working with my colleagues in order to create that balance of give-and-take across the Doha work programme as a whole that will make winners of each of us,” Commerce and Industry Minister Kamal Nath said at the Nikkei ‘Future of Asia Conference´ in Tokyo.
He said the unity of the developing countries in the World Trade Organisation has “withstood all pressures to undermine the development promise of the Doha Round”, an official release quoting the Minister said here.
However, he said there was no recognition as yet by some developed countries that the basic premise of the ongoing trade talks was the development dimension and not market access for the rich countries.
He talked of a double speak by the rich countries who want subsidies to continue for their own farmers but do not want them for industries in the developing countries.
“We are told that subsidies are bad for industrial sectors but on agricultural subsidies the only thing we hear is that we will get back to you,” Nath said.
Referring to the economic policies of the UPA government, Nath said policies have been moulded to ensure that the benefits of growth accrue to the common man.
“A few years ago we sensed that the rapid growth without inclusive development can pose dangers to the social polity... for the last three years we have been moulding policies,” Nath said.
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First Published: Thu, May 24 2007. 05 46 PM IST