New Delhi, Aug 30: With the stage set for a mini-ministerial meeting of the World Trade Organisation (WTO) here this week, a leading industry lobby in India has urged the member countries to prepare an action plan for the early conclusion of the Doha Round trade talks.
If the world leaders reach a consensus on the Doha Round, it will boost global exports by $185 billion, the Federation of Indian Chambers of Commerce and Industry (FICCI) said in a report. “We urge the participating ministers to use this opportunity for readying a blueprint with timelines. This would be critical for completing the Doha talks within the present deadline of next year,” FICCI president Harsh Pati Singhania said. The mini-ministerial meeting, scheduled for September 3-4, would re-engage a large number of key players after a gap of nearly nine months and inject a fresh momentum to the limping multilateral trade talks, the federation said. The Doha talks began in 2001 but were stalled last year after countries disagreed on proposed tariff and subsidy cuts.
If the world leaders reach a consensus on the Doha Round, it will boost global exports by $185 billion, the Federation of Indian Chambers of Commerce and Industry (FICCI) said in a report. “We urge the participating ministers to use this opportunity for readying a blueprint with timelines. This would be critical for completing the Doha talks within the present deadline of next year,” FICCI president Harsh Pati Singhania said. The mini-ministerial meeting, scheduled for September 3-4, would re-engage a large number of key players after a gap of nearly nine months and inject a fresh momentum to the limping multilateral trade talks, the federation said. The Doha talks began in 2001 but were stalled last year after countries disagreed on proposed tariff and subsidy cuts.
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