It is the end of the day for G4: Nath

“The developed countries have not displayed enough flexibility on the negotiating table and at a time when we talk of lowering trade distorting subsidies they are seeking freedom to increase them further from what it is today,” he said. US had proposed to cap subsidies at $17 billion even as their outflow for the current year was around $ 11 billion, thus signifying a substantial jump. India as part of G 20 had asked for subsidies to be capped at $ 12.2 billion. US has also demanded more market access from the developing nations.

Nath also warned efforts by the US and the EU to create differences among the developing world, which has grouped itself into various formations for protecting their interests in agriculture and industrial goods,

would fail.