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Kamal Nath discusses bilateral trade with Chinese Minister

17
Apr '07
Taking a common stand after assessing the progress of negotiations in the Doha Round of the World Trade Organisation (WTO) at this critical juncture, Shri Kamal Nath, Minister of Commerce & Industry and Mr. Bo Xilai, Chinese Commerce Minister have agreed that the major issue holding back and impeding the progress in Round is the lack of movement by the developed countries in terms of early removal of distortions caused by huge subsidies and significant market access barriers in developed countries.

“Unless the outcome of the negotiations upholds the proposals of developing countries resulting in real and effective reduction of trade distorting domestic support coupled with meaningful disciplines, substantial improvement in market access by developed countries and eliminations of all form of export subsidies the aspirations of the developing countries, as built in the mandate, will not be fulfilled”, they categorically said in the India-China Joint Ministerial Statement which was issued in Beijing.

Mr. Bo Xilai and Shri Kamal Nath met in Beijing on 16th April 2007 to compare notes and exchange views in order to review the progress of negotiations on the Doha Development Agenda (DDA) of the WTO and to safeguard the common interests of developing country Members in the future course of negotiations. Mr. Kamal Nath briefed Minister Bo Xilai about the discussions in the G-4/G-6 meetings in Delhi on April 12, 2007.

They recalled the commitment of the two countries expressed in the Joint Declaration issued during the state visit of the President of the People's Republic of China in November 2006 to strengthen the cooperation of the two countries in the WTO and safeguard the legitimate rights and interests of the developing countries.


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