ASSOCHAM supports govt. on WTO stand, but India needs to strengthen alliances

Image
ANI New Delhi
Last Updated : Aug 02 2014 | 7:16 PM IST

India is fully justified in seeking a fair deal in the WTO, a deal which is balanced and in the interest of the developing countries as India cannot accept an international obligation which will disallow it to protect the vulnerable sections of the society, apex industry body ASSOCHAM said today.

"The food security is crucial for us. While Indian industry is all for global trade facilitation, we must stand behind the government in seeking a deal that is fair to all sections of the society and not the industry alone," said D.S. Rawat, secretary general of The Associated Chambers of Commerce and Industry of India (ASSOCHAM).

"However, Indian negotiators need to work aggressively on building and forging alliances with the developing countries like Brazil, South Africa and China as also the members of the G-33 grouping so that India is not projected as a "fall guy" in the global negotiations,"added Rawat.

*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: Aug 02 2014 | 7:05 PM IST

Next Story