Home / Knowledge / News / Revised WTO drafts require improvement : FICCI
Revised WTO drafts require improvement : FICCI
Feb '08
Calling for a balanced outcome of the Doha talks, FICCI said that concerns and interests of India and other developing countries need to be adequately reflected in all the areas of WTO negotiations including services.

Commenting on the latest draft on non-agricultural market access (NAMA) issued yesterday, FICCI stated that the new text again failed to follow the Doha mandate of “less than full reciprocity” in tariff reduction. Like the draft of last July, the revised NAMA text retained the tariff reduction coefficient of 8-9 for developed members and 19-23 for developing countries.

“This set of coefficients, if applied in tariff reduction formula, would result in relatively greater tariff cut for India and other developing members, compared with developed economies like USA and EU”, FICCI Secretary General Dr Amit Mitra observed.

This would be in complete disregard to the Doha mandate which has categorically specified that the tariff reduction commitments would be comparatively lower for developing countries, added Dr Mitra.

Pointing out to another critical element in NAMA negotiations namely, flexibility for developing members, FICCI said that the revised draft has not indicated any numbers in this regard.

From the perspectives of developing countries, it is necessary that the eventual NAMA outcome contain adequate flexibilities to take care of the developmental needs and imperatives of India.

On the latest agriculture draft, the apex Chamber said that it could be a starting point for working out detailed modalities. Here the important issues are linkage between the reductions and disciplines related to domestic support, food security and market access.

While the revised text does provide disciplines for domestic support whose effectiveness needs to be studied in detail, but the draft has proposed the same range of cuts for US agricultural subsidies or Overall Trade Distorting Support (OTDS).

The proposed numbers would reduce the US OTDS to the level of $13-16.4 billion from the existing bound level of some $48 billion. FICCI said that in order to redress the historical distortions and imbalances in world agriculture trade, it is important that this level is brought down to the range of $11-12 billion.

On market access in agriculture, FICCI raised concerns on a number of issues like tariff escalation, tariff capping, impact of tariff cut formula, special safeguard mechanism (SSM) etc. “Here the fundamental guiding principle is that ambition in agriculture should determine the negotiations in NAMA and not the other way round.

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Rahuul Jashnani

‘Online economy has changed the whole dynamics of buying habits.’

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search