This was a very strong position and was criticised by many, both from the developed and developing world.
When asked about the possibility of talks getting extended for another day, World Trade Organization spokesperson Keith Rockwell said: "The concept of time is flexible in WTO."
The Doha Round of talks of the World Trade Organisation (WTO) faces a new challenge and if some statements emanating after the General Council meeting on July 25 at Geneva are to be taken at face value, this could derail the process of trade liberalisation through a multilateral route for some time.
India has expressed disappointment over the first draft text for the forthcoming World Trade Organisation Ministerial Conference in Hong Kong
Even as the debate around whether the Doha Round of global trade talks would be concluded by the year-end or not gain momentum, a cohort of developing countries, specifically India, has refused to accept the April 21 texts which call for mandatory sectoral tariff cuts as the basis of negotiations, despite US pressure.
India had proposed amending the formula to calculate the food subsidy cap of 10 per cent.
WTO chief Pascal Lamy has asked India to give increased market access for agricultural products and contribute toward advancement of the contentious Doha Round of global trade talks.
Trade ministers from 162 WTO countries will gather in Kenya's capital from Dec. 15-18 to work on an agreement to liberalise global trade.
India scored a remarkable win on food security, but trade partners will now put pressure on New Delhi to provide meaningful openings for industrial goods and services and be more accommodative on liberalising tariffs.
A day after collapse of the G-4 talks, India on Friday said the group's role as a consensus- building mechanism in WTO talks has come to an end and warned the US and EU against trying to divide developing nations.
Commerce and Industry Minister Kamal Nath left for Geneva on Wednesday to attend a meeting of the G-20 alliance which will make renewed efforts to work out a global trade deal on the Doha Round of WTO negotiations.
India's agriculture ministry has identified a list of around 80 special products that should get tariff treatment as part of the World Trade Organisation's current Doha Round negotiations.
India's Food Security Act entitles 82 crore people to 5 kg of foodgrains per person a month at Rs 1-3 per kg.
'I am almost tempted to say there is some kind of a vested interest operating to play down the achievements of Modi.' 'I think the focus should be on what has been achieved in 70 days and not on how this government functions.' Commerce Minister Nirmala Sitharaman's exclusive interview with Sheela Bhatt/Rediff.com on how the Modi sarkar is changing India.
This is the joint statement issued by the ministry of external affairs on the visit of US President Barack Obama to India.
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