Interviews
Ministerial level meeting to be held in end May on Doha Round
02 May '08
3 min read
On Special Safeguard Mechanism (SSM), he informed the Members that a lot of work remains to be done as the present proposals are cumbersome, restrictive and ineffective.
On non-agricultural market access (NAMA), the Minister said that “we have made it clear that the mandate of less than full reciprocity (LTFR) in reduction commitments by developing countries must be respected which means lower percentage reduction from bound rates by developing countries vis-à-vis the commitments by developed countries.
Flexibilities available only to developing countries for protecting sensitive tariff lines from the impact of tariff reductions or bindings are an inviolable part of the mandate and crucial for safeguarding livelihood and employment concerns”.
On Services, Shri Kamal Nath informed the Members that the negotiations are underway and India is very keen to take the services negotiations forward as services contribute to more than 55% of our GDP and a substantial portion of our trade. Services are a major driver of India's economic growth and development and provide opportunities for gainful employment, he added.
S/ Shri Murthy, Shantaram Naik, Naresh Gujral and Prabhu enquired about the status of Doha Round of Trade Negotiations and hoped that India's concerns are duly reflected. Shri Sharad Joshi desired to know if the environment for negotiations will improve after US elections.
Shri Seal desired to know about the status ofServices sector. The Minister answered the queries of the Members and explained the present status of the Doha Round Negotiations.
On non-agricultural market access (NAMA), the Minister said that “we have made it clear that the mandate of less than full reciprocity (LTFR) in reduction commitments by developing countries must be respected which means lower percentage reduction from bound rates by developing countries vis-à-vis the commitments by developed countries.
Flexibilities available only to developing countries for protecting sensitive tariff lines from the impact of tariff reductions or bindings are an inviolable part of the mandate and crucial for safeguarding livelihood and employment concerns”.
On Services, Shri Kamal Nath informed the Members that the negotiations are underway and India is very keen to take the services negotiations forward as services contribute to more than 55% of our GDP and a substantial portion of our trade. Services are a major driver of India's economic growth and development and provide opportunities for gainful employment, he added.
S/ Shri Murthy, Shantaram Naik, Naresh Gujral and Prabhu enquired about the status of Doha Round of Trade Negotiations and hoped that India's concerns are duly reflected. Shri Sharad Joshi desired to know if the environment for negotiations will improve after US elections.
Shri Seal desired to know about the status ofServices sector. The Minister answered the queries of the Members and explained the present status of the Doha Round Negotiations.
Press Information Bureau Government of India
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