India Intelligence Report

 

 

   Need to Resuscitate Doha Round

  “Confident that India will make a constructive contribution to the last laps,” World Trade Organization (WTO) Chief Pascal Lamy warned that the “window of opportunity” will “close sometime this year.”
 

 

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“Confident that India will make a constructive contribution to the last laps,” World Trade Organization (WTO) Chief Pascal Lamy warned that the “window of opportunity” will “close sometime this year.” Addressing Confederation of Indian Industry (CII) session "Mulitalateral Trade Vs RTAs: Which way to go,” part of the “Emergent India: New Roles and Responsibilities,” Lamay asked India to be more flexible on industrial tariffs so it can used as a leveraging tool to convince the developed world to make similar compromises on agriculture.

Industry and Commerce Minister Kamal Nath agreed that “completion of the Doha round is crucial” and that India could be “flexible about tariffs” but insisted on seeing “what others bring to the table” before making “any offers.” Without concrete set of proposals from the developed world, Nath says that the current level of negotiations will only “perpetuate the structural flaws” in “agriculture and industrial products.” These flaws would only be highlighted with the increased trade flows that India wants. So, in India’s opinion, the problem will get worse for India and the developing world if the Doha Round goes through as it is. Hence his warning that “negotiations that ignores the livelihood of millions of people” will “never be successful.”