Interviews
G-4 Ministers broke down in Potsdam
23 Jun '07
4 min read
This could only have helped the developed countries to make heavy inroads into the markets of developing countries while offering negligible reciprocal gains to the latter.
It also held out the specter of deindustrialization of the developing countries along with a reduction of foreign direct investment flows into them. This was totally unacceptable to the developing countries, as it would have led to increasing unemployment among their workforce.
The developed countries also expressed reluctance in allowing the reform of the current regime of trade defence measures including anti-dumping and countervailing duties, which have often been used unfairly by them against the developing countries, in order to curb their export growth.
The other major issue was the unwillingness of the developed countries to accept the discipline of the International Convention on Bio-Diversity in the arena of patents and trademarks so as to allow untrammeled exploitation of traditional knowledge and natural genetic resources, without prior consent or benefit sharing with the community.
While expressing his disappointment at the failure of the G-4 talks, Shri Kamal Nath stated that the Doha Round had been announced as a Development Round and had raised the expectations of the developing world that it would help them tackle their problems of unemployment and poverty through increased trade opportunities.
However, the current aspirations of many of the developed countries were totally oblivious to the development content of the Round and were instead focused mainly on seeking greater market access for their own products.
The Minister expressed hope that India, which was a firm believer in a rule based, fair and transparent multilateral system of trade, would work with other like minded countries-both developing as well as developed, to bring about a successful conclusion of the Doha Round, which was truly reflective of the development objectives of the Round.
It may be recalled that prior to the Potsdam meeting, Shri Kamal Nath had participated in the meetings of the G-20, G-33 and NAMA-11 Ministers in Geneva on 11th June, 2007.
It also held out the specter of deindustrialization of the developing countries along with a reduction of foreign direct investment flows into them. This was totally unacceptable to the developing countries, as it would have led to increasing unemployment among their workforce.
The developed countries also expressed reluctance in allowing the reform of the current regime of trade defence measures including anti-dumping and countervailing duties, which have often been used unfairly by them against the developing countries, in order to curb their export growth.
The other major issue was the unwillingness of the developed countries to accept the discipline of the International Convention on Bio-Diversity in the arena of patents and trademarks so as to allow untrammeled exploitation of traditional knowledge and natural genetic resources, without prior consent or benefit sharing with the community.
While expressing his disappointment at the failure of the G-4 talks, Shri Kamal Nath stated that the Doha Round had been announced as a Development Round and had raised the expectations of the developing world that it would help them tackle their problems of unemployment and poverty through increased trade opportunities.
However, the current aspirations of many of the developed countries were totally oblivious to the development content of the Round and were instead focused mainly on seeking greater market access for their own products.
The Minister expressed hope that India, which was a firm believer in a rule based, fair and transparent multilateral system of trade, would work with other like minded countries-both developing as well as developed, to bring about a successful conclusion of the Doha Round, which was truly reflective of the development objectives of the Round.
It may be recalled that prior to the Potsdam meeting, Shri Kamal Nath had participated in the meetings of the G-20, G-33 and NAMA-11 Ministers in Geneva on 11th June, 2007.
Press Information Bureau Government of India
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