WTO draft addresses India’s concern: Nath
Bullish over the outcome of the Hong Kong World Trade Organisation ministerial, Commerce Minister Kamal Nath on Monday said the agreement addresses the concerns of both agriculture and industrial sectors and would drive India’s farm and manufacturing exports in the global markets.
“The agreement fully secures the concerns of our farmers. It ensures that no subsidy-ridden farm products are exported to India… the phase out of export subsidies by developed countries would also give Indian farmers a chance to compete in the world market,” Nath said on his arrival in New Delhi from Hong Kong.
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India today conveyed its concern to the Dubai ruler over a new UAE law penalising companies employing more than 34 per cent of staff from one nationality.
The legislation impacted unfairly on India, visiting Indian Commerce Minister Kamal Nath told Sheikh Mohammed Bin Rashid Al Maktoum, the Dubai ruler and UAE Prime Minister.
The law stipulates that if a company employs more than 34 per cent of its personnel from any one nationality, the visa fee would be five times the normal fee, making the company commercially unviable.
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Revised draft declaration at WTO meet a positive step: India Inc
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Describing the draft declaration as a `significantly positive step' for completion of Doha round negotiations, the Federation of Indian Chambers of Commerce and Industry (FICCI) said on non-agricultural market access (NAMA) it was happy with the explicit mention of `paragraph 8 flexibilities'.
The provision, according to the Secretary General of FICCI, Mr Amit Mitra, would allow the
EU attacks India, Nath hits back
Hong Kong: The situation was fluid on Thursday as all the ministerial groups at the 6th ministerial meet of the World Trade Organisation were in hectic consultations to narrow down serious differences and look for convergences.
But divisions still remain irreconcilable, with the European Union for the first time attacking India and Brazil, the leaders of the G20 countries; the US and the EU continuing their tirade against each other and the developing countries attacking the EU for the first time for not respecting their own commitments that were part of the Doha declaration.
Desperate efforts
WTO draft agreed; India, Brazil, US, EU welcome
Hong Kong: Trade negotiators of the 149 WTO member nations on Sunday reached a crucial breakthrough on the contentious issues of agricultural subsidies and industrial tariffs to arrive at a face-saving agreement that paves the way for a global trade pact by the end of next year.
After some hard bargaining on the last day of the sixth WTO Ministerial meeting here, negotiators agreed to phase out farm export subsidies by 2013, deliver a development package to the poorest countries and set a new deadline of April 30, 2006, to complete the full modalities
US Govt. submits draft proposal to Congress on nuke deal
The Bush Administration has put forward to Congress an India-specific draft legislation proposal for amending the US atomic energy laws to pave the way for the civilian nuclear energy deal with India to move forward.
"Secretary of State Condoleezza Rice gave to the Congressional leadership this week in the meetings that she had some ideas for how this legislation could be written," Under-Secretary of State for Political Affairs Nicholas Burns told reporters here.
"We have to respect the prerogratives of the Congress but we are suggesting India-specific waiver amendments to
