Search
      Channels
  News
  Home Loans
  Commercial Loans
  Insurance
  Credit Cards
  Calculators
  NRI Center
     Investment
  Mutual Funds
  Stock Research
  Market Tools
  Special Reports
  Fund Focus
  Company Focus
  Sector Focus
  Interviews
     Services
  Greetings
  Message Board
Partners
Home -> Finance -> Full Story
WTO agrees to look into proposals of G-21 nations
Thursday, September 11 2003 16:35 Hrs (IST)

Cancun (Mexico): In a major victory for India and other developing countries, chairman of World Trade Organisation (WTO) Ministerial, Mexican Foreign Minister Louis Ernesto Derbez, has agreed to look into all proposals on agriculture including that of G-21 countries before formulating the final draft.

An instruction to this effect was given by Derbez to Singapore Trade Minister George Yeu Yong-Bon, who was appointed as a facilitator for agriculture on September 11.

A facilitator is a kind of a sub-committee which would go into various aspects before formulating the revised draft that would be tabled at the Ministerial.

Debrez agreed to look into the G-21 proposals after India and several other members of the group met him on September 11 to voice their protest against the draft ministerial text circulated to members. The text did not reflect the G-21 proposal on agriculture that was sent to the WTO General Council as a counter to the pro-developed European Union (EU)-United States (US) framework.

Asked about the evolving situation at the WTO Ministerial, Derbez told reporters that the facilitator on agriculture has been asked to factor-in all positions on agriculture including that of G-21 before finalising the draft on September 13.

PTI

India calls for corrective measures in agriculture
WTO: Yet another alliance formed to counter US, EU
WTO Chief calls for removing barriers to trade