The World Trade Organisation ministerial meeting broke the 'impasse' over resumption of Doha Round of talks, with 35 trade ministers agreeing to take forward negotiations from where they left in Geneva in July last year.
The meeting has been convened to conclude modalities in the Doha Development Agenda for Agriculture and Market Access for Industrial Goods. Lamy had called on Nath to inform him about the meeting and press the commerce minister to attend the meeting at any cost.
On his maiden visit to New Delhi to attend the two-day informal ministerial meet on Doha round, Kirk told reporters in a teleconference that he would be back to New Delhi in just over a month for 'continued talks' relative to the Trade Policy Forum.
On July 21, trade ministers from nearly 50 countries will converge at Geneva to finalise proposals on agriculture and non-agricultural market access (Nama) which are part of the Doha Round of world trade talks. World Trade Organisation Director General Pascal Lamy tells Business Standard why the ministerial is crucial.
Brazilian External Affairs Minister Celso Amorim, who is among the 35 trade ministers at the Delhi informal ministerial meeting said, "In the game of chess, sometimes the end game is much longer over the middle game. The fact that we are in the middle game does not mean it (Doha Round) will finish."
A visibly elated Sharma said the decision gave India complete protection even if it breached the food subsidy limit under WTO rules
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.
Despite the high oil prices, growth in energy demand will continue globally, but there is need to reorient the approach in meeting the challenge, Minister for Petroleum and Natural Gas Murli Deora said on Sunday.
India has expressed disappointment over the first draft text for the forthcoming World Trade Organisation Ministerial Conference in Hong Kong
World Trade Organisation chief Pascal Lamy has said that a final agreement in global trade talks is possible.
The contentious issue of market access, in World Trade Organisation negotiations, will figure prominently in the discussions between Commerce and Industry Minister Arun Jaitley and visiting European Union Trade Commissioner Pascal Lamy.
Highlighting the need to arrive at a "balanced package" at the forthcoming Hong Kong Ministerial, the group of 20 leading economies of the world on Friday
Services have now become an offensive area for many developing countries like India and that is good news.
Vice President Bhairon Singh Shekhawat on Saturday appreciated the Indian delegation's performance at the Tokyo ministerial meeting and said that the country had "fortified" its position on crucial issues.
India believes rich nations should be away from farm subsidies.
WTO bullish about success of Mexico round
Modi emphasised on deeper India-Africa partnership on clean energy.
The world's attention is on the new Taliban and the imminent announcement of an inclusive government in Kabul, observes Ambassador M K Bhadrakumar
In an interview with Nayanima Basu, the DG lauds the efforts of Indian negotiators in bringing the deal on the table.
Under the TFA, a proposal of developed countries, WTO members are negotiating ways to facilitate trade, simplify and harmonise customs rules and reduce transactions cost. Although India is willing to negotiate on TFA, it has raised few concerns over the proposed agreement.
Agreement 'endorsed' by members and being legally vetted but will be part of the main Doha agenda only after a tenuous process.
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.
The Civil Aviation Ministry is looking to increase air seat entitlement to Dubai by 20%.
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.
Biden, who during his visit to India in 2013 had set the target of increasing the bilateral trade to $500 billion.
'The hardliners in Delhi are in for a big disappointment,' predicts Ambassador M K Bhadrakumar.
The study paper by Melbourne-based think-tank Australia India Institute titled 'The G20: Challenges and opportunities Ahead', said following Prime Minister Narendra Modi's visit to the US and his talks with US President Barack Obama, India may finally sign the agreement.
New Delhi to push for services trade facilitation & food stockpiling.
'It is unrealistic to expect that security dilemmas and strategic distrust to disappear or even diminish any time soon,' says Rup Narayan Das.
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