NEW DELHI: After hectic negotiations for five days--exceeding the scheduled closing by almost 24 hours--the WTO Trade Ministers concluded their talks this evening without any commitment by rich countries to check subsidies.
The objective of the talks was to lower barriers, increase trade and help developing countries. A large majority of countries wanted reaffirmation of the Doha mandate and work programme at the Nairobi ministerial.
The Doha round of trade talks was launched in the Qatari capital in 2001 and has remain stalled because of the deep divide between rich countries and developing nations on several issues, including farm subsidies.
Developed Nations talk big on others. When it comes to self interest they turn to the other side.
In the Indian context , Congress is following this typical principle
India and china failed miserably to protect our interests. All countries shall have to come out of WTO which protect only developed countries
What ever Modi Govt. tries the Super Powers game can not be stopped. The Jumlas of Modi Govt. is known to the whole world. They know well how to ditch this emotional person after using him for their purposes.
USA has the one of the highest subsidy for farmers. I know because I live in USA and interested in farm subsidy issue. Farmers are paid to not cultivate the land to keep the prices high.
China and India have failed to represent the developing countries. It is time that Brazil, South Africa and Egypt take over the leadership.
Now, Obama will call Modi to thank for his cooperation
Abjinder Pal singh
It was obvious as the so called developed nations themselves feel threatened..
WTO is a agreement for developed Country whose market is saturated and want to conquer the rest of the world. This helps developed country grows, developing country fall sick, and the poor country become bankrupt. But still most countries agrees fearing sanction and bow.
FDI another linked mechanism which let to kill our agriculture and industries, it may show growth by number, but will have a negative result for Indian agriculture & Industries.
BJPs stand toward economical issues will always be in favour for western world more than India.
Corrupt quit India
Not a good news for India.
Rich nations with their protectionist policies are failed to support the developing nations aspirations on farm subsidies ! We continue to persist on global platform to get their agreement !