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India, China join hands
[18 Apr, 2007 l 0200 hrs ISTlPTI]
BEIJING: India and China on Tuesday jointly rejected any renegotiation of principles and elements embodied in the Doha mandate of the World Trade Organisation (WTO) and asked developed nations to remove trade distortions and open up their markets to fulfil the Doha development agenda (DDA).
The powerful message to the developed nations was chalked out in an India-China joint ministerial statement issued here by visiting commerce and industry minister Kamal Nath and his Chinese counterpart Bo Xilai.
Nath and Bo, who share a personal rapport, compared notes and exchanged views to review the progress of negotiations on the DDA and to safeguard the common interests of developing country members in the future course of talks.
Assessing the progress of negotiations in the Doha round, the two leaders agreed that the major issue holding back progress in the round is the lack of movement by developed countries â in terms of early removal of distortions, caused by huge subsidies and significant market access barriers.
They were categorical that unless the outcome of negotiations upholds the proposals of developing countries, the objectives of the round will not be fulfilled.
Kamal Nath and Bo Xilai reiterated that the special products (SPS) and the special safeguard mechanism (SSM) play a vital role in addressing the food security, rural development and livelihood concerns of developing countries and the outcome of Doha negotiations for these flexibilities can be sustainable only if it enables the developing countries to meet their development objectives.
http://timesofindia.indiatimes.com/Business/India_China_join_hands/articleshow/1919796.cms
[18 Apr, 2007 l 0200 hrs ISTlPTI]
BEIJING: India and China on Tuesday jointly rejected any renegotiation of principles and elements embodied in the Doha mandate of the World Trade Organisation (WTO) and asked developed nations to remove trade distortions and open up their markets to fulfil the Doha development agenda (DDA).
The powerful message to the developed nations was chalked out in an India-China joint ministerial statement issued here by visiting commerce and industry minister Kamal Nath and his Chinese counterpart Bo Xilai.
Nath and Bo, who share a personal rapport, compared notes and exchanged views to review the progress of negotiations on the DDA and to safeguard the common interests of developing country members in the future course of talks.
Assessing the progress of negotiations in the Doha round, the two leaders agreed that the major issue holding back progress in the round is the lack of movement by developed countries â in terms of early removal of distortions, caused by huge subsidies and significant market access barriers.
They were categorical that unless the outcome of negotiations upholds the proposals of developing countries, the objectives of the round will not be fulfilled.
Kamal Nath and Bo Xilai reiterated that the special products (SPS) and the special safeguard mechanism (SSM) play a vital role in addressing the food security, rural development and livelihood concerns of developing countries and the outcome of Doha negotiations for these flexibilities can be sustainable only if it enables the developing countries to meet their development objectives.
http://timesofindia.indiatimes.com/Business/India_China_join_hands/articleshow/1919796.cms
