India calls for satisfactory conclusion of Doha round of WTO

Seoul, Nov 12 (PTI) Lamenting resurgence in
protectionism, India Friday sought a satisfactory conclusion
to the vexed Doha negotiations for a global trade opening deal
under the aegis of the World Trade Organisation.
Speaking at the Plenary session of the G20 Summit here,
Prime Minister Manmohan Singh asked the leaders to "lend in
their weight" to the objective of completing the negotiations.
The talks have not achieved any breakthrough since they
were launched in Doha in 2001.
The Prime Minister said the global leaders must ensure
Doha Development Round of multilateral trade negotiations is
brought to a "satisfactory conclusion".
"We have seen a resurgence of protectionist sentiment in
the world in the wake of recessionary trends...The only way to
ensure that protectionism does not gain the upper hand is to
restore momentum to the trade talks," Singh said.
Differences between rich and developing nations have
marred the progress in the negotiations which are expected to
generate an additional USD 120-200 billion to the
international trade.
India and other developing nations have been defending
their agricultural markets to protect millions of
subsistence farmers from easy imports that may result from the
multilateral agreement.
However, the US and the other developed countries are
seeking more market access in the developing nations,
particularly India. PTI NKD
PBL


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