India, Brazil, SAfrica seek balanced outcome from Doha talks
The three countries are at the centre of G-20 which has emerged as a formidable alliance of developing countries and is engaged in tough bargains with the developed countries for achieving "balanced" outcome.
By PTI |
PRETORIA: India, Brazil and South Africa, key players representing developing nations' interest in WTO, on Wednesday "committed" themselves to achieving "balanced and successful" results from the Doha Round of global trade talks.
Prime Minister Manmohan Singh, South African President Thabo Mbeki and Brazilian President Luiz Inacio Lula da Silva reviewed the state-of-play in the Doha Round which is stalled on the contentious issues of heavy agricultural subsidies by the rich nations that are asking developing countries to open their markets for industrial goods.
"We had a constructive discussion on the Doha Round of trade talks. This has emerged as an important issue facing the international community, in which each of our countries has an important stake. We committed ourselves to working towards securing a balanced and successful outcome of the talks," Singh said in his closing remarks at the IBSA (India-Brazil- South Africa) Summit here.
The three countries are at the centre of G-20 which has emerged as a formidable alliance of developing countries and is engaged in tough bargains with the developed countries for achieving "balanced" outcome.
Prime Minister Manmohan Singh, South African President Thabo Mbeki and Brazilian President Luiz Inacio Lula da Silva reviewed the state-of-play in the Doha Round which is stalled on the contentious issues of heavy agricultural subsidies by the rich nations that are asking developing countries to open their markets for industrial goods.
"We had a constructive discussion on the Doha Round of trade talks. This has emerged as an important issue facing the international community, in which each of our countries has an important stake. We committed ourselves to working towards securing a balanced and successful outcome of the talks," Singh said in his closing remarks at the IBSA (India-Brazil- South Africa) Summit here.
The three countries are at the centre of G-20 which has emerged as a formidable alliance of developing countries and is engaged in tough bargains with the developed countries for achieving "balanced" outcome.
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