Premium
This is an archive article published on September 7, 2003

‘It’s about give and take’

...

.

A large section in India believes the WTO is a forum of developed countries forcing the poorer countries to open up their markets. How has India gained over the past WTO discussions?

The basic principle that the WTO serves is that all countries become part of a multilateral trading system. When countries like India want to push forward in areas like services exports — which is our strength — we have to do it by negotiating in other areas. It is a system of give and take. This is why we have to be part of the system.

What is the agenda for Cancun?

Negotiations on agriculture will be of key importance at Cancun. India will have to work out a strategy with other developing countries to push developed countries like the US and the EU to cut domestic and export subsidies for their farmers. These subsidies have been distorting global markets and need to be reduced and then eliminated completely. Other than this, negotiations in services and the removal of the ban on the manufacture of patented drugs by developing and poor countries is a key issue.

Story continues below this ad

How will Cancun impact the electoral fortunes of the NDA?

I don’t think there will be much of an impact because the various political parties have reached a broad consensus on WTO issues. I have met leaders of most political parties and have felt that there are no major differences in our approach. In fact, their concerns are common with ours.

What could be the five main gains for India at Cancun?


When countries like India want to push forward in areas like services exports — which is our strength — we have to do it by negotiating in other areas. That is why we have to be part of the system

If we can get the developed countries to reduce their domestic and export subsidies for agriculture, it would be a win-win situation for India. A waiver on the manufacture of patented drugs in developing and poor countries would be another gain.

Story continues below this ad

On the services side, a boost in Mode I and Mode IV — that is, entry into foreign country for our skilled services and freedom in the outsourcing business — will be a major gain for India. We also need to create a special category of products where we will not be forced to free tariffs. And if we can resist pressures to discuss Singapore issues like investment, we would have succeeded in our task.

What is India’s stand on the Singapore issues, issues relating to investment or FDI, competition, trade facilitation and transparency on government procurement?

We are very clear, we are not willing to negotiate on the modalities of these issues. We are only willing to discuss them for clarity.

Latest Comment
Post Comment
Read Comments
Advertisement
Advertisement
Advertisement
Advertisement