One size fits all to not work in trade negotiations: Kamal Nath
13 Mar '07
3 min read
The 2-day International Seminar has been hosted by the Ministry of Commerce & Industry (Department of Commerce) in association with the United Nations Conference on Trade and Development (UNCTAD); Carnegie Endowment for International Peace; Oxfam International; National Council for Applied Economic Research (NCAER); and CUTS International.
Mr. Pascal Lamy, Director General of WTO, in his address asserted that the Doha Round was indeed a development round. “To me, the main question about this Round of trade negotiations is not a Shakespearean one, a Hamlet dilemma of “to be or not to be” a development round. The main question is actually whether or not the results of this round translate into poor countries' increasing their level of development”, he said.
Underlining opportunities for development in the Doha Round, he stressed that the objective was to improve multilateral disciplines and commitments by all member countries of the WTO in such a way as to establish a more level playing field and provide developing countries with better conditions to enable them to reap the benefits of open trade. The Round was, therefore, an opportunity to rebalance the multilateral trading system in favour of developing countries, especially in agriculture, he added.
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