Interviews
Services exports may touch $200bn by 2020
02 Jun '05
2 min read
The Cabinet Committee on WTO matters met today to give directions to the Ministry of Commerce and Industry on the Offers they are permitted to make to the World Trade Organisation (WTO) as part of the Revised Offers in the services negotiations in May/June, 2005.
In accordance with the July Framework Agreement adopted by the WTO on 1st August, 2004 that laid down the broad principles and guidelines for further negotiations in the Doha Round, WTO member countries are encouraged to make Revised Offers by May,2005 in the ongoing negotiations under the General Agreement on Trade in Services (GATS) of the WTO.
The Cabinet Committee on WTO matters today directed the Ministry of Commerce to make improved Offers in sectors where Offers have been made by India as part of Initial Offers in June, 2003. It also gave the Commerce Ministry the flexibility to move forward in the services negotiations within the limits of its autonomous liberalisation. While making the Revised Offer, India will also be guided by the range and depth of the improved Offers that would be made by the developed countries in the Modes and sectors of interest to India. “What we ultimately offer will depend on what is offered to us”, Shri Kamal Nath, Union Minister of Commerce & Industry, said after the meeting.
In keeping with the July Framework Agreement, India will be making its Revised Offers shortly in sectors which include those in which commitments were made in the Uruguay Round or in which Initial Offers were made in the ongoing Doha Round of WTO negotiations. The sectors thus covered include business services, construction and related engineering services, health related and social services, tourism and travel related services, maritime services and transport services.
In accordance with the July Framework Agreement adopted by the WTO on 1st August, 2004 that laid down the broad principles and guidelines for further negotiations in the Doha Round, WTO member countries are encouraged to make Revised Offers by May,2005 in the ongoing negotiations under the General Agreement on Trade in Services (GATS) of the WTO.
The Cabinet Committee on WTO matters today directed the Ministry of Commerce to make improved Offers in sectors where Offers have been made by India as part of Initial Offers in June, 2003. It also gave the Commerce Ministry the flexibility to move forward in the services negotiations within the limits of its autonomous liberalisation. While making the Revised Offer, India will also be guided by the range and depth of the improved Offers that would be made by the developed countries in the Modes and sectors of interest to India. “What we ultimately offer will depend on what is offered to us”, Shri Kamal Nath, Union Minister of Commerce & Industry, said after the meeting.
In keeping with the July Framework Agreement, India will be making its Revised Offers shortly in sectors which include those in which commitments were made in the Uruguay Round or in which Initial Offers were made in the ongoing Doha Round of WTO negotiations. The sectors thus covered include business services, construction and related engineering services, health related and social services, tourism and travel related services, maritime services and transport services.
Popular News
Leave your Comments
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
