US supports India on WTO tariff cut estimates

US supports India on WTO tariff cut estimates
PTI
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First Published: Wed, Apr 22 2009. 06 20 PM IST
Updated: Wed, Apr 22 2009. 06 20 PM IST
Geneva/New Delhi: The US and India, which have strong differences in the World Trade Organization negotiations, on the issues of protection to farmers and nascent industries in the developing countries, see common ground at least on one count.
In early April , when a report of the WTO estimated a global tariff cut of $150 billion through conclusion of Doha Round, India sought to know the details.
Indian officials in Geneva, the WTO headquarters, found support from unexpected quarters.
As US Deputy Trade Representative Peter F. Allgeier reiterated his country’s commitment for an “ambitious and balanced” outcome of the Doha Development Agenda in his interactions with the WTO officials, he said, “We support India’s request for details on the $150 billion figure in the report for estimated tariff savings from DDA.”
The Trade Policy Review Body of the 153-nation multilateral organization had said that an “ambitious and balanced conclusion” of the DDA could result in tariff cuts of at least $150 billion per annum.
India and the US have often clashed in the tough and prolonged Doha talks aimed at reaching a market-opening world trade deal. The Doha Round, launched in 2001 has missed several deadlines.
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First Published: Wed, Apr 22 2009. 06 20 PM IST