Business Standard
Friday, Feb 17, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

China, Brazil worried over bilateral solutions
D Ravi Kanth / Geneva Sep 03, 2009, 01:11 IST

Senior trade officials from China and Brazil today raised some fundamental concerns about the role of bilateral meetings to advance the Doha trade negotiations, insisting that World Trade Organization (WTO) members should stick to resolving issues multilaterally, Business Standard was told.

The United States wants bilateral talks to be accorded importance in concluding the Doha talks on the ground that it needs clarity on what it is getting from key emerging countries and what it is going to pay in various areas.

A senior trade official from China said while the country was ready to clarify on market access issues, it was opposed to negotiating these during the bilateral meetings. Brazil said there should be a deadline for bilateral meetings, arguing that whatever was agreed in these meetings must be shared with all the members, senior officials said.

During a meeting of senior officials ahead of the actual ministerial meeting on how to “re-energise” the Doha trade talks, India’s Commerce Secretary Rahul Khullar suggested some broad points that would be taken up for consideration by the ministers in New Delhi on September 3 and 4.

Though there is a broad convergence that the Doha Round talks should be concluded in 2010, there was no clear understanding or clarity on several procedural issues, said an Asian trade official.

Around 41 trade ministers are attending the Delhi meeting in which a strong attempt would be made to nudge the long-stalled Doha talks.

China and Brazil appeared to be on the same page in opposing the changes that are being sought by the United States, a senior official said.

China, for example, said it was important to have a strong outcome on farm subsidies, an area in which the United States is not prepared to agree for real and effective cuts. Beijing also maintained that the Doha market access talks were based on formulas and disciplines but not request and offer as was the case in the previous rounds of trade negotiations.

China also insisted self-designation of special products is part of the mandate and that it is not obliged to inform what it would do. Further, China said that sectoral tariff elimination in industrial products was based on voluntary framework and not on a mandatory basis.

Being the host of the senior officials’ meeting, India was in a listening mode, a senior official said, suggesting some points made at the end of the meeting by the Indian trade secretary need to be agreed by the ministers.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Wall Street opens flat as data offsets Moody's warning
- Thomas Cook India Q4 net jumps three times
- Govt plans to make 30% sourcing from MSEs mandatory
- Explain ways to cover govt loss on 3G roaming: TDSAT to telcos
- Magma Fincorp plans to start gold finance biz in H1 of FY13
  Read Business news in 
- Now property search gets more exciting than ever before!
- High Growth Business Opportunities in Africa - Register to explore
- Medium-sized businesses are the engines of a smarter planet.
- We live for our family. have you secured them?
- Office 365 for professionals and small businesses.
- Earn fuel worth Rs.2400 with Citi
- India's No. 1 Property Site. Click here to know more..
- Diseases earlier, Saving Costs, Extending Lives. Know More..
- Get 5% cashback on telephone bills with Citi
- Enjoy the journey as much as the destination. click to know more..
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Be part of it The World's Largest Aircraft.
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
- Health is Wealth..... Insurance + Savings... Know More...
Sorry, comments to this story are closed
Latest Messages
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- Marico: Stepping into unchartered territory
- Asian stocks fall as Greek bailout delay dampens mood
- Sonalde Desai: Sons of the soil
- Bhupesh Bhandari: A spectrum of disagreement
- A crown of thorns awaits winners of BMC polls
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
  Hot Searches  
 
IRFC bond |  Antrix-Devas |  Rafale fighter |  Junglee |  IPL 5 |  Dhanlaxmi Bank |  Thomas Cook |  TCS |  Sarfaesi Act |  Vodafone |  Aakash tablet |  Sodexo |  Rupee |  Samsung Galaxy Note |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  Anna Hazare |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us