WTO should focus more on what it 'should do' than what it 'can do'
The United States is creating a new strategic framework for the 21st century and its Trans-Pacific Partnership is just one of the pillars of the new edifice, says Sanjaya Baru.
The huge increase in WTO membership and the rising share of emerging economies in world trade belie the perception that the WTO exclusively serves the rich countries' interests.
As expected, some WTO members have expressed immediate reservations and it looks far from certain as to whether the WTO can end up achieving anything. In fact, the very relevance of the DDR and even the WTO are now being questioned by independent observers. WTO Director General Pascal Lamy was hopeful the negotiating texts clearly indicate where convergence lies among the WTO members and that the documents provide a springboard for a new and critical stage.
The US on Monday blamed India and China for creating hurdles in the ongoing WTO talks here and said Doha trade talks have been thrown into the "gravest jeopardy" by these two countries which are not willing to open their markets for more imports.
Blaming the developed world's "serious gap of attitude" as the reason behind failed talks, India has said that it is still optimistic about Doha Development round concluding positively.
Britain on Thursday said it was unlikely that the next World Trade Organisation Ministerial will be held this year, indicating that completion of the Doha Development Round of trade negotiations will miss the deadline of January 01, 2005.
A visibly elated Sharma said the decision gave India complete protection even if it breached the food subsidy limit under WTO rules
The 10th ministerial conference, will be held at Nairobi, Kenya.
Every country is a free trader when it sees advantage, and a trade warrior when it does not, says T N Ninan.
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