Farm, Nama at centre of WTO talks
A day before the crucial mini-ministerial meet of the World Trade Organization (WTO), the stage seems to be set for a battle between the developed and developing countries.
���We should know by Monday evening the vision tour of the entire agriculture and Nama (industrial goods) negotiations by 30-odd ministers. Everyone has taken their positions,��� commerce secretary G K Pillai said after a meeting of the G-33 group of developing countries with defensive interests in agriculture.
The five-day ministerial beginning on Monday is important as it could determine whether the Doha round stood a chance for completion this year. If the ministerial failed in narrowing differences in agriculture and industrial goods, the Doha round, which began in September 2001, could go on till 2010 or later.
In Nama, the EU is trying to convince India to take on reduction commitments in areas such as chemicals, textiles and automobiles, which New Delhi is resisting. ���We have been given flexibilities under the Doha mandate which allows us to shield our sensitive industrial products. We are not going to allow our infant industries to be harmed by the WTO agreement,��� an official said.
���In Nama, developing countries are contributing more than developed countries. We are satisfying their needs by making cuts, but they are not,��� Venezuelan trade minister William A Contreras said.
Agriculture, too, is an area where emotions are running high. The over 40 developing countries who are part of the G-33 say there would not be a deal till their concerns in the area of providing adequate safeguards to protect poor farmers is met.
Indonesian trade minister Mari Elka Pangestu, who heads the G-33, said developing countries cannot compromise on their bottom lines. ���Ensuring the livelihood of millions of farmers is the key and ensuring we have the right level of safeguard and protection from surge of imports and price decline especially in today���s situation of uncertainty becomes even more of an imperative,��� she said after the G-33 meeting on Sunday.
Ms Pangestu added that the Doha round was a development round and if developing countries do not get their bottom lines in agriculture, then it ceases to be a development round.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.