India to raise its concern on WTO issue at G-20 in Sydney

Image
Press Trust of India New Delhi
Last Updated : Jul 17 2014 | 9:00 PM IST
India is expected to raise its concerns over the slow progress on WTO's Bali agreement at the G-20 meeting of trade ministers in Sydney on Saturday.
Commerce and Industry Minister Nirmala Sitharaman, who will be attending the meeting, would state India's position with regard to implementation of the food security issues and other concerns of the developing nations in the meeting, sources said.
Disappointed over slow progress in finding a permanent solution to the food security issue, India has made it clear that it would be difficult for the country to agree on trade facilitation pact, mainly promoted by the developed world.
Sources said that Sitharaman is also expected to held bilateral meetings with WTO Director General Roberto Azevedo, US Trade Representative Michael Froman and EU Trade Commissioner Karl De Gucht on the sidelines of G-2- meeting.
"The leaders are likely to discuss the WTO issues and progress in the Bali package agreed," the source added.
The G20 membership comprises a mix of the world's largest advanced and emerging economies, representing about two-thirds of the world's population, 85 per cent of global gross domestic product and over 75 per cent of global trade.
The members of the G20 are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the UK, the US and the European Union.
*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: Jul 17 2014 | 9:00 PM IST

Next Story