Home / Knowledge / News / Revised WTO drafts require improvement : FICCI
Revised WTO drafts require improvement : FICCI
11
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

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Textiles | On 20th Jan 2017

Xeros to focus on textile sector to develop technology

Xeros technology group plc, the developer and provider of patented...

Courtesy: AWI

Textiles | On 20th Jan 2017

Australian wool EMI at highest ever level in Au$ terms

The Eastern Market Indicator (EMI) managed to forge ahead by a...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search