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India says no to farm, Nama proposals BS Reporter in New Delhi | May 21, 2008 10:48 IST India has rejected key proposals in the latest texts on agriculture and non-agricultural market access (Nama) released by the World Trade Organisation on Monday. The rejection essentially reflects concerns of developing countries and implies that negotiators will have to work harder to achieve some consensus before a proposed ministerial meeting of WTO members in June-end. Speaking to reporters on Tuesday, Commerce Secretary Gopal K Pillai said the agriculture text proposals on the special safeguard mechanism were not acceptable to India. India wants that a 5-10 per cent surge in imports as well as a price dump of the same range because of imposts should be allowed as SSM triggers. Pillai said India was comfortable with proposals on special products (selected farm goods with lesser duty cuts) as well as reduction in trade-distorting subsidies, but these would need further discussion in the coming weeks. The number of square brackets (figures which are yet to be finalised) have come down from 130 in the February text to around 30, which shows that a fair amount of ground has been covered. However, on Nama, the square brackets have been increased from 15 to 97. India feels the paper goes way beyond the agreed Hong Kong mandate on many issues, which the country will oppose tooth and nail. One issue is providing different flexibilities (selected industrial products with lesser duty cuts) to developing countries which agree to different levels of duty cuts. "All developing countries will have to get the same level of flexibilities. This is what was agreed in the Hong Kong ministerial," Pillai said. Industry body Ficci and CII expressed disappointment and concern on the draft texts. Powered by | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||