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Rediff.com  » Business » India hardens stand at WTO

India hardens stand at WTO

By BS Economy Bureau in New Delhi
July 28, 2004 09:35 IST
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With the crucial General Council meeting beginning on Tuesday and sharp divisions continuing on agriculture, India has said that for developing countries "no framework agreement' would be better than a bad framework agreement for future negotiations that lack balance and equity. 
 
With several developing countries opposing the draft, there are now clear indications that there could be a revised draft to the one tabled on July 16. 
 
"A revised draft will be available by Wednesday 28 July at the latest," General Council chairperson Shotaro Oshima has said. 
 
This would be the last substantial draft although some further changes could be negotiated, and Friday 30

July remains the absolute deadline, he said. 
 
Commerce and Industry Minister Kamal Nath met Supachai Panitchpakdi, director-general, World Trade Organisation last evening and said India will not compromise on issues affecting livelihood concerns of the millions of her farmers, most of whom were at the level of bare subsistence. 
 
"Developed countries must understand that (in agriculture) we are battling not so much for trade as for subsistence and therefore we cannot compromise on subsistence risking in the process, social and economic upheavals," he said.

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BS Economy Bureau in New Delhi
 

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