Home / Knowledge / News / Textiles / CUTS hails the revival of Doha trade talks

CUTS hails the revival of Doha trade talks

29
Jan '07
“Global welfare worth billions of dollars is at stake and trade ministers from around the world have taken a right decision to revive the Doha round of trade talks at the political level,” said Pradeep S. Mehta, Secretary General of CUTS International while welcoming the decision.

Trade ministers from about 30 countries from Asia, Europe and Americas met on the sidelines of the World Economic Forum held at Davos in Switzerland and decided to revive the stalled negotiations.

“Suspension of Doha Talks and Cost Implications for India”, a study done by Consumer Unity & Trust Society (CUTS) shows that developing countries like India would incur huge economic loss if the Doha round is not completed soon. The political loss would be much greater than the economic loss.

These countries are much more vulnerable while opening up their trade regime through the bilateral route rather than subjected to a more rules-based and disciplined multilateral regime. There could be due to increased protectionism; increase in trade disputes and so on.

Another study by CUTS on “Concluding the Doha Round” argues: “If the deal could be clinched with the US agreeing to freeze its domestic support at US$15bn, then, it is a matter of US$4bn (from what US is insisting as a cap in its domestic subsidies) only and that too which benefits mostly big agri-businesses of the US. Now, the big question is, should global welfare of billions of dollars, which is likely to result from successful conclusion of Doha round be mortgaged to the US resistance to reduce domestic subsidies by another US$4bn?”


Must ReadView All

Pic: Shutterstock

Textiles | On 25th Sep 2021

EU extends GSP plus status for Pakistan with 6 new conventions

The European Union (EU) has extended its general system of...

Pic: Shutterstock

Apparel/Garments | On 25th Sep 2021

Bangladesh seeks Russian support for ensuring direct exports there

Bangladesh commerce minister Tipu Munshi recently sought Russian...

Pic: Boris-B / Shutterstock.com

Retail | On 25th Sep 2021

US’ Halloween spending to reach $10.14 bn this year: NRF

Consumer spending in the US on Halloween-related items is expected to ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

Textile Industry, Head honchos

Textile Industry
Head honchos

Biggest learning was adaptability

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Shivendra Nigam,

Shivendra Nigam

Delhi-headquartered Cantabil Retail India Ltd was founded by Vijay Bansal...

Susanna Koelblin,

Susanna Koelblin

Founded in 1920, Eastman is a global specialty materials company that...

C Maennich,

C Maennich

Trützschler, one of the world's leading textile machinery manufacturers,...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

Sunita Shanker, Label Sunita Shanker

Sunita Shanker
Label Sunita Shanker

Inspired by the rich traditional crafts of India, Sunita Shanker’s work is ...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

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

Leave your Comments


September 2021

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


Advanced Search