India said on Wednesday developed countries were still not willing to fulfil their commitments under the World Trade Organization agreements and warned this could put the entire global trade at risk.
Though it was not formally declared at the Doha trade negotiations committee meeting today, it is privately admitted that the 2010 deadline will not be achieved, several trade envoys and senior officials told Business Standard.
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.
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.
"... An early conclusion of Doha Round is important; India is willing to take part in negotiations at the WTO provided the core concerns of the Round, namely development concerns of developing nations are addressed," commerce and industry minister Anand Sharma told Rajya Sabha.
Even as World Trade Organization director general Pascal Lamy has claimed that a successful Doha Round will lead to rich nations undertaking steeper tariff cuts than developing and poor nations, an analysis of the proposals shows the opposite may be true.
The Doha negotiations has been virtually stalled since July 2008.
India and the US on Wednesday expressed the hope for an early resumption of the Doha round of negotiations and agreed to make all efforts to achieve an ambitious, balanced, and pro-development outcome.
TJ, Animesh Kujur enter TOPS developmental group; Pranati named for TAGG
Accusing a "handful" of "advanced developing countries" of "masking" their "narrow interests" behind claims for speaking for the rest of the developing world, the US said it is concerned the way trade negotiations are moving ahead of crucial talks for concluding Doha round.
The country could be a major beneficiary from greater market access in services unlike other developing nations, said the working paper authored by H A C Prasad, senior economic advisor in the ministry. India is Asia's third largest economy with a size of nearly $1 trillion. Services contribute about 61 per cent of GDP and the sector is growing at double-digit rates.
Developed countries may not get a better deal in the stalled Doha Round of world trade talks in the future as countries like India are likely to harden their stance when talks resume some time next year.
Although Indian team is in full strength at the WTO headquarters in Geneva, officials back home are apprehensive of any concrete developments in absence of 'right signals' from Washington.
Trade ministers of the Group of Six (G-6) countries resolved on Thursday to conclude the six-year-old Doha Round of trade talks by the end of the year.
'I certainly hope the two can avoid a trade war and believe they will.' 'I expect some in India will push for retaliatory tariffs if the Trump administration applies significant reciprocal tariffs.'
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.
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.
'Although one-in-five women in the UK will experience stalking at some point in their lives, there are no scientific studies around the stalking of athletes.'
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.
Acutely conscious that he's left with less than four years to create his legacy, Trump is undoubtedly a man in a hurry, observes Ambassador M K Bhadrakumar.
WTO should focus more on what it 'should do' than what it 'can do'
The 10th ministerial conference, will be held at Nairobi, Kenya.
Nobody can rightly argue that the WTO or the external world is primarily responsible for the woes of our farmers.
It is time to lay the Doha Round to rest and think afresh about trade negotiations.
US continues to lead efforts to shake loose the economic promise of an agreement with real market access for all involved.
If the World Trade Organisation lost credibility, developing markets would take a hit.
A day ahead of a World Trade Organization informal ministerial meeting at Paris, India said on Wednesday it will not accept attempts by developed countries to shift goal posts of the Doha mandate that calls for an equitable global trade deal.
Noting that Obama Administration is fundamentally committed to developmental premise of Doha Round, US Trade Representative Ron Kirk has said that advanced developing countries like China and India need to come in the same spirit as the United States for its success.
The US has asked India and Brazil, the two developing economies, to bring 'more' to the table at Doha by way of 'increased responsibility' and 'positive contribution'. "India has a long and proud and powerful tradition as a leader in the North-South issues, debates. The fundamental difference between the Doha Round and the previous trade Rounds is that this is not a North-South issue.
India and 24 other trade ministers agreed to step up efforts to conclude a multilateral trade deal under the Doha Round this year itself.
A high-level expert group will provide recommendations on boosting global business through trade liberalisation.
A visibly elated Sharma said the decision gave India complete protection even if it breached the food subsidy limit under WTO rules
Hitting out at the developed nations for their attitude towards the World Trade Organisation negotiations, India on Monday warned against the Doha round being hijacked by the European Union and the United States.
US Commerce Secretary Carlos M Gutierrez,who travels to New Delhi, Feb. 13-14 to meet Commerce and Industry Minister Kamal Nath,
The differences between the rich and developing nations have always been at the core of the World Trade Organisation, set up in 1995 to facilitate greater trade flows across the world, and it came as a major breakthrough when the US and India reached a deal over food security issues in 2014.
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