Business Standard
Sunday, May 27, 2012
Sponsored by  
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
 

Doha progress only with new market access: US
D Ravi Kanth / Geneva Dec 02, 2009, 01:09 IST

The World Trade Organization’s seventh ministerial meeting is transformed into what a trade official of an industrialised country described as the “substance-free zone” due to intransigent positions adopted by the US.

US Trade Representative (USTR) Ambassador Ron Kirk made it clear that without additional new market access from emerging countries like China, India, Brazil, South Africa and Argentina, among others, the Doha trade negotiations were unlikely to make progress.

“The US has been clear that we will need to achieve meaningful opening of market that results in significant new trade flows, particularly in the world’s fastest-growing economies —China, India, Brazil, and South Africa,” Ambassador Kirk said.

In sharp rebuttal, Brazilian Foreign Minister Celso Amorim told Business Standard: “Developing countries made the biggest contribution in the Doha Round,” arguing it was unreasonable to demand additional market access from them.

Commerce and Industry Minister Anand Sharma held a bilateral meeting with the USTR today and it is not clear what transpired during the meeting.

Though there is growing chorus of support for an early ministerial meeting next year to assess and finalise the steps to conclude the stalled Doha trade negotiations next year, the USTR is not open to such demands.

Consequently, there is no progress on the Doha trade negotiations, which are almost paralysed and, in turn, have reduced WTO to irrelevance,” said a trade official.

Meanwhile, India, Brazil and South Africa yesterday decided to pool their energies for adopting “common positions” on all issues pertaining to WTO and World Intellectual Properties Organization.

Meanwhile, during a breakfast meeting, Commerce and Industry Minister Anand Sharma concurred with his Brazilian counterpart Celso Amorim and South African Trade Minister Rob Davies that common positions on vital WTO and WIPO-related issues had become imperative because of the common concerns among the three major emerging countries on trade and intellectual property issues, sources said.

Of late, Brazil and India are considering taking the European Union to WTO over the Dutch confiscation of Indian generic drugs on high seas. These drugs shipped for the Brazilian market were seized on the ground that they allegedly violated intellectual property rules.

At WIPO, Brazil, India and South Africa are resisting a concerted move from a group of industrialised countries to force their agenda on patents.

On Monday, India reached an understanding with the MERCOSUR (South American regional trade agreement, of which Brazil, Argentina, Uruguay and Paraguay are members) and the Southern African Customs Union (SACU) during the first Trilateral Ministerial Meeting. The three sides will carry out technical work at the official level to “explore possible tracks for the envisaged India-MERCOSUR-SACU Trilateral Trade Arrangement meeting “to build complementarities.”

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end flat
- Turbulence ahead for airlines despite oil price drop
- Weak rupee may bring cheer to NRIs, expats
- LIC buys PSU stocks, sells pvt sector blue-chips in Q4
- Banks may lower deposit rates as inflation eases: Report
  Read Business news in 
- Journey on, We are by Your Side. Click here to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- Learn How One City is Running on FOOD SCRAPS.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- India to guarantee safe gas transit from Tapi
- Air India pilots wanted a halt to command training of IA pilots
- Pak players likely to be part of IPL 2013
- EGoM to now decide on base price for spectrum auction
- New power equation in BJP
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  Hot Searches  
 
Apalya |  Air India |  GAAR |  Agni  |  Solar eclipse |  Satyamev Jayate |  SRK |  Aamir Khan |  IPL |  Ertiga |  Sarfaesi Act |  Vodafone |  JP Morgan |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  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
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us