Home / Knowledge / News / Success of WTO Doha talks critical to spurt global trade : FICCI
Success of WTO Doha talks critical to spurt global trade : FICCI
31
Aug '09
Welcoming India's initiative to host the upcoming Mini-Ministerial in Delhi, FICCI has called upon the Trade Ministers to prepare a doable action plan with clear targets towards concluding the Doha negotiations by 2010. “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 observed. On the importance of Doha development agenda, Shri Singhania stated “While a recent study has estimated $180-520 billion annual rise in world exports from conclusion of Doha round, according to another estimate, failure of these negotiations would prevent a potential $336 billion increase in global trade that would have come from reduction in tariffs and domestic support”.

The Mini-Ministerial scheduled for 3-4 September, would re-engage a large number of key players after a gap of nearly 9 months and inject a fresh momentum to the limping multilateral trade talks, pointed out R V Kanoria, Chairman of FICCI taskforce on WTO issues. “The global economic crisis has not only made the goal of concluding Doha round more challenging, it has also made it more imperative”, Mr Kanoria said. Reaching a balanced multilateral agreement would bring greater certainty, predictability, transparency and stability into global trade, which is so important in today's scenario of economic slowdown and contraction in import demand, he added.

Reiterating the need for early resumption of substantive talks based on the action plan to be decided in the Mini Ministerial, the apex Chamber emphasized that at any stage 'development dimension' of the Doha talks cannot be overlooked. Commenting on non-agricultural market access (NAMA) Shri Singhania said “Sectoral tariff negotiations should remain non-mandatory as this is the feedback received from industry consultations FICCI organized last year in different cities”. Further, there should not be any provision to establish linkages between sectorals and flexibilities. Flexibilities are essential for addressing India's sensitive industrial sectors including micro, small and medium enterprises. Thus there cannot be any unduly restrictive anti-concentration clause that would curb the scope of using flexibilities or policy-space, FICCI pointed out.

Besides agriculture and NAMA, it is necessary to have faster and substantive developments in services negotiations which have remained dormant so far. In view of their considerable strengths and competitive advantages, Indian professionals and service providers expect significant gains from the Doha round in terms of enhanced market access in major export destinations. In 2008, India's share was less than 3% of the $3.7 trillion worth of global exports of commercial services, the Chamber observed.

Federation of Indian Chambers of Commerce and Industry


Must ReadView All

Courtesy: Ministry of Trade and Industry, Singapore

Textiles | On 22nd Feb 2018

Final version of CPTPP pact released; to be signed in March

The final version of the Comprehensive and Progressive Agreement for...

Amazon India crosses 3 lakh seller base in less than 5 yrs

Apparel/Garments | On 22nd Feb 2018

Amazon India crosses 3 lakh seller base in less than 5 yrs

Amazon recently claimed to have crossed the three-lakh seller base in ...

Gujarat finance minister Nitin Patel. Courtesy: Global Gujarat News

Textiles | On 22nd Feb 2018

Rs843 cr for MSMEs, Rs35 cr for khadi in Gujarat budget

The Gujarat government has made a provision of Rs 843 crore in the...

Interviews View All

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Johan Berlin
InvestKonsult Sweden AB

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Ritu Kumar
Label Ritu Kumar

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Robert Brunner
Devereux

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

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

February 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search