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Indian business chambers support WTO negotiations stance
Published in Saudi Press Agency on 22 - 06 - 2007


India's main business chambers on Friday
supported the country's Trade Minister Kamal Nath's stand on
agriculture issues at the World Trade Organization (WTO) talks in
Germany, saying he had a duty to protect poor farmers in India, according to dpa.
Negotiations in Potsdam between the United States, European Union,
India and Brazil - known as the G4 - failed Thursday after India
refused to yield ground on giving market for farm products to
developed countries.
"Talks have failed as India refused to dilute its stand on
agricultural market access," Nath had told PTI news agency.
In a statement, the Federation of Indian Chambers of Commerce and
Industry (FICCI) said it "appreciated the constructive role and
engagement of India" in the talks.
"India's stand in the WTO is consistent with the objective of our
country to have an inclusive growth that will take care of the
special needs of our agriculture sector which is the most vulnerable
sector of our economy," said Amit Mitra, secretary general of FICCI.
The FICCI said agriculture constituted the backbone of the rural
livelihood security system in India. The sector provides employment
to around 59 per cent of the workforce in the country, employing
around 234 million people.
Later on Friday, Nath told a press conference in New Delhi that
there was no future for the G4 as a platform to break the impasse in
the multilateral trade talks.
"It's the end of the day for G4," Nath said. "Now its for the full
membership (of the WTO) to take the Doha round forward."
The G4 had been established to accelerate the process of
consensus-building among developed and developing countries on a
global trade treaty.
The Doha round of WTO talks, launched in the capital of Qatar in
November 2001, was originally due to have been completed in 2004.
The talks have been bogged down by a series of missed deadlines
mainly owing to lack of consensus among developing and developed
countries on issues of farm subsidies and non-agricultural market
access.


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