Advertisement

Help
You are here: Rediff Home » India » Business » Report
Search:  Rediff.com The Web
Advertisement
   Discuss   |      Email   |      Print | Get latest news on your desktop

Industry seeks offers on services for Indian professionals
Yoshita Singh in Geneva
 
 · My Portfolio  · Live market report  · MF Selector  · Broker tips
Get Business updates:What's this?
Advertisement
July 21, 2008 12:13 IST

Federation of Indian Chambers of Commerce and Industry on Monday said developed countries such as the US and EU should make significant commitments in liberalising their services market instead of just signaling their offers.

Alongside the mini-ministerial meeting beginning in Geneva from Monday, the World Trade Organisation is convening on July 24, a 'Singalling Conference' where countries would give indications of the kind of market they are willing to concede in services.

"Ficci has sought significant outcome from the conference on services negotiations that should result in meaningful market access for Indian service-providers and professionals in developed countries," it said.

It demanded that the conference should be held in serious negotiation mode. The domestic regulations acting as barriers to the supply of services by Indian professionals in the developed markets should be removed, it said.

"Indian business is relying on the services negotiations to have effective market access in developed countries," chamber Secretary General Amit Mitra said.

Commerce and Industry Minister Kamal Nath has already said there would be no Doha agreement till India gets commitments on services as well.

India has been seeking greater market for its services in engineering, research and development, healthcare and construction by way of removal of restrictions on short-term visas.

New Delhi has made it clear, however that it is not seeking immigration but easier movement of professionals across frontiers.

"Positive outcomes in the area of services, particularly in Mode 4 (Movement of Service Persons/Professionals) and Mode 1 (Cross-Border Supply) will be essential for ensuring a balanced result of the Doha negotiations," Mitra said.


© Copyright 2008 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 Email  |    Print   |   Get latest news on your desktop

© 2008 Rediff.com India Limited. All Rights Reserved. Disclaimer | Feedback