04 December 2013 | 13:11

India rejects WTO proposals in Bali

viewings icon comments icon

ПОДЕЛИТЬСЯ

whatsapp button telegram button facebook button

India said Wednesday it could not accept a WTO proposal on food security, casting a gloom over a high-stakes conference tasked with salvaging the body's faltering efforts to liberalise world trade, AFP reports. A proposal that New Delhi feels could endanger its efforts to subsidise food in the huge nation "cannot be accepted", India's Anand Sharma told his fellow commerce ministers gathered in the Indonesian resort island of Bali. "Agriculture sustains millions of subsistence farmers. Their interests must be secured. Food security is essential for four billion people of the world," he said. "Yes, we have rejected it," he later told reporters, calling it a "final decision". WTO chief Roberto Azevedo has implored delegates to reach a modest agreement on various measures in Bali, hoping it will keep alive the multilateral organisation's stumbling 12-year-old drive to slash trade barriers. But chances for success have increasingly centred on India's position on food security, and Sharma's comments appeared to scupper hopes for compromise. Azevedo has issued escalating warnings that failure to leave Bali with an accord could render obsolete the WTO's push to secure a trading environment that is fair to both rich and poor countries. He has said alternative regional pacts between major trading nations including the 12-nation Trans-Pacific Partnership (TPP) pushed by Washington cannot ensure such equity. "What is at stake is the cause of multilateralism itself," Azevedo said on Tuesday at the conference's opening. The WTO launched the "Doha Round" of talks in Qatar in 2001, seeking to overhaul the world trading system by setting a global framework of rules and tearing down barriers. But protectionist disputes between rich and poor countries -- as well as the WTO's insistence that any accord be unanimous -- has made a deal elusive. Pulling back, the WTO has put forward a limited "Bali package" on specific issues, hoping agreement on those measures can keep the Doha Round on life-support for a later push.

whatsapp button telegram button facebook button copyLink button
Иконка комментария блок соц сети
India said Wednesday it could not accept a WTO proposal on food security, casting a gloom over a high-stakes conference tasked with salvaging the body's faltering efforts to liberalise world trade, AFP reports. A proposal that New Delhi feels could endanger its efforts to subsidise food in the huge nation "cannot be accepted", India's Anand Sharma told his fellow commerce ministers gathered in the Indonesian resort island of Bali. "Agriculture sustains millions of subsistence farmers. Their interests must be secured. Food security is essential for four billion people of the world," he said. "Yes, we have rejected it," he later told reporters, calling it a "final decision". WTO chief Roberto Azevedo has implored delegates to reach a modest agreement on various measures in Bali, hoping it will keep alive the multilateral organisation's stumbling 12-year-old drive to slash trade barriers. But chances for success have increasingly centred on India's position on food security, and Sharma's comments appeared to scupper hopes for compromise. Azevedo has issued escalating warnings that failure to leave Bali with an accord could render obsolete the WTO's push to secure a trading environment that is fair to both rich and poor countries. He has said alternative regional pacts between major trading nations including the 12-nation Trans-Pacific Partnership (TPP) pushed by Washington cannot ensure such equity. "What is at stake is the cause of multilateralism itself," Azevedo said on Tuesday at the conference's opening. The WTO launched the "Doha Round" of talks in Qatar in 2001, seeking to overhaul the world trading system by setting a global framework of rules and tearing down barriers. But protectionist disputes between rich and poor countries -- as well as the WTO's insistence that any accord be unanimous -- has made a deal elusive. Pulling back, the WTO has put forward a limited "Bali package" on specific issues, hoping agreement on those measures can keep the Doha Round on life-support for a later push.
Пройти опро
Читайте также
Join Telegram Последние новости
NSC made arrests in Astana and Kosshy
How much snow fell in Almaty
Trump: war in Ukraine must end
Лого TengriNews мобильная Лого TengriLife мобильная Лого TengriSport мобильная Лого TengriAuto мобильная Иконка меню мобильная
Иконка закрытия мобильного меню
Открыть TengriNews Открыть TengriLife Открыть TengriSport Открыть TengriAuto Открыть TengriTravel Открыть TengriEdu Открыть TengriGuide

Exchange Rates

 517.81  course up  542.31  course up  5.25  course down

 

Weather

 

Редакция Advertising
Социальные сети
Иконка Instagram footer Иконка Telegram footer Иконка Vkontakte footer Иконка Facebook footer Иконка Twitter footer Иконка Youtube footer Иконка TikTok footer Иконка WhatsApp footer