What Is India News Service
Wednesday, November 07, 2007


Economy | Disinvestment | Economic Reforms

Foreign Direct Investment | Agriculture


       World Trade Organization


The World Trade Organization (WTO) came into being on January 1, 1995, when the GATT (General Agreement on Tariffs and Trade) formally transformed itself into this organization as a major entity overseeing international trade.

The 146-member WTO aims at the liberalization of world trade.  It administers trade agreements through various councils and committees. The obligations of membership are to practice free trade, establish a fixed level of import tariff and finally accept the WTO verdict in any dispute with another member-country.  India has been a WTO member since 1 January 1995.



India’s skills shortage has spread from engineering to blue-collar skills. DLF Laing-O’Rourke, a joint venture building infrastructure for DLF in India, wants to bring home a whopping 20,000 Indian skilled workers currently employed in West Asia. (Importing Workers No Cure , The Economic Times, Editorial, Economic Times, Nov 07, 2007)

Ministers from G-20 countries, including India and Brazil, will meet in Geneva on November 15 to renew efforts toward closing the gap in the much-delayed Doha round of WTO negotiations. (G-20 To Give Doha Momentum , Deccan Herald, Correspondent or Reporter, Nov 07, 2007)

Pascal Lamy, Director-General of the World Trade Organisation, seems to be a man in a hurry. He says the next few weeks will be crucial for the languishing Doha trade negotiations. (Doha Talks , Deccan Herald, Editorial, The Deccan Herald, Nov 07, 2007)

Even at this late stage of the Doha talks, there are no indications that the rich economies will follow in letter and spirit the Doha Declaration of 2001. (Hour Of Truth For Doha Round, Business Line, Editorial, Business Line, Nov 06, 2007)

The CPI(M) has announced that it is set for a debate, but not voting. But what will its argument be based on? (Debating Points, Pioneer, Correspondent or Reporter, Nov 05, 2007)

Given the track record of the six year old Doha development round of trade talks, it seems premature to visualise progress let alone a breakthrough in the talks that have been going on in Geneva among diplomats and trade negotiators of the . . . . (New Life For Doha Round, Hindu, Editorial, The Hindu, Nov 03, 2007)

The CPI(M) has announced that it is set for a debate, but not voting. But what will its argument be based on? (Debating Points, Pioneer, G Parthasarathy, Nov 03, 2007)

Prime Minister Manmohan Singh has given a sharp emphasis to India's position at the WTO on protecting its small farmers and to climate change with these concerns dominating his discussions with visiting US treasury secretary Henry Paulson. (Wto Stand: Pm Backs Farmers' Interests, Times of India, Correspondent or Reporter, Oct 31, 2007)

The US asked India to show flexibility and allow more access to its markets especially for non-agricultural products for reviving the stalled Doha Round of trade talks. (Us Asks India To Open Markets For Progress , Deccan Herald, Correspondent or Reporter, Oct 26, 2007)

It was at the end of the IBSA (India-Brazil-South Africa) summit in Tshwane (Pretoria) that one met Roberto Mangabeira Unger, a don at Harvard University, author of numerous articles, and Brazil’s Minister for Long-Term Strategic . . . . (“In The World Economy, There Must Be Freedom For People And Ideas To Move”, Hindu, SANDEEP DIKSHIT, Oct 26, 2007)

The Lok Sabha was adjourned in the last week of August following raucous acrimony over the issue of parliamentary prerogative to decide the rights and wrongs of a foreign treaty signed by the government. The debate is currently in a limbo. (The Debate Hasn’T Ended, Telegraph, ASHOK MITRA , Oct 26, 2007)

India's latest offer to the World Trade Organisation (WTO) has the merit of keeping hopes alive but apart from that is unlikely to make much difference to the rather bleak prospects for a successful conclusion of the Doha Round of talks. (Fresh Proposals Keep Doha Round Alive , The Economic Times, Editorial, Economic Times, Oct 26, 2007)

Prabhat Patnaik writes on the ‘The Privatisation Of Planning,’ and argues that the central government is trying to take away the powers of the state government in two ways — by centralising some in the Union government and decentralising others to . . . . (Poor State, Indian Express, VARGHESE K. GEORGE, Oct 24, 2007)

Although India and the European Union (EU) are facing major differences at the World Trade Organisation (WTO), they might "head" towards concluding a free trade agreement (FTA) by end of 2008, said Indian Industry and Commerce Minister Kamal Nath. (India Heading Towards Free Trade Agreement With Eu, New Indian Express, Correspondent or Reporter, Oct 24, 2007)

The IBSA (India-Brazil-South Africa) trilateral cooperation mechanism is still evolving and yet to acquire an identity of its own. (Trilateral Diplomacy , Deccan Herald, Correspondent or Reporter, Oct 23, 2007)

The India-Brazil-South Africa grouping has changed the way poor countries engage in economic bargaining with developed countries. (The Power Of Three, Business Line, Correspondent or Reporter, Oct 22, 2007)

Conceding that the Indo-US nuclear deal was “something that didn’t work out the way you wanted it to” and that it did have an “effect” on his government, Prime Minister Manmohan Singh today reminded his UPA partners that “they were part and . . . . (Pm Reminds Partners: You Too Okayed N-Deal, Indian Express, Seema Chisti, Oct 19, 2007)

While showing no signs of budging from its opposition to the nuclear deal, the Left is expanding its areas of discord with the government. On Thursday, it demanded that the logistics support agreement with the US should not be signed and also . . . . (N-Deal Apart, Left Has Some Other Peeves, Times of India, Correspondent or Reporter, Oct 19, 2007)

Prime Minister Manmohan Singh and Nigerian President Yar’ Adua on Monday sought to strengthen relations between the two countries through the proclamation of the “Abuja Declaration” in Nigeria. (Coming Closer , Deccan Herald, Editorial, The Deccan Herald, Oct 18, 2007)

Brazilian President Luiz Inacio Lula da Silva on Wednesday warned sceptics of the trilateral IBSA initiative that the collective voice of India, Brazil and South Africa could have actual influence in the treatment of major world issues. (Ibsa Can Change World Order: Lula, Asian Age, Correspondent or Reporter, Oct 18, 2007)


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