Kamal Nath questions both draft texts

Image
BS Reporter New Delhi
Last Updated : Jan 29 2013 | 12:59 AM IST

In a statement from Auckland, New Zealand, Nath said many decisions agreed in the Hong Kong ministerial of 2005 had not been reflected in the latest draft texts.

On the issue of overall trade-distorting farm subsidies, known as OTDS (given by countries like United States), Nath said: " All of us at the Hong Kong ministerial settled for steep and effective cuts in OTDS. Even this goal is vanishing. For the US, the proposed lower range of $13 billion (OTDS) was nearly double the current applied levels of domestic support. Where is the need for 100 per cent headroom as a cushion," Nath said.

Nath also said the agriculture draft paper included views of the US on issues like special products (SPs), which are farm products of developing countries on which duty cuts will lower. The latest paper has proposed to reduce the number of SPs. The US had demanded this in previous negotiations.

Nath said the proposals on special safeguard mechanisms (measures for protection against sudden increase in farm imports) were "completely out of step with the ground realities" and would not be accepted.

He expressed his displeasure at the Nama proposals, which have not included norms related to less-than-full-reciprocity (developed nations take greater duty cuts on industrial goods than developing nations).

Nath also critised the move to make sectoral initiatives mandatory. Through sectoral initiatives, countries negotiate to completely slash duties on select industrial goods.

"This is nothing but a blatant violation of the mandate," Nath said. He added India was ready for a ministerial but the differences on agriculture and Nama woud have to be sorted out.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 23 2008 | 12:00 AM IST

Next Story