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Home -> Finance -> Full Story

Resumption of WTO talks is an urgent necessity: Lamy
Tuesday, January 20 2004 16:02 Hrs (IST)

New Delhi: India and EU (European Union) today (Jan 19, 2004) agreed the stalled WTO (World Trade Organisation) talks should be resumed immediately by adopting a flexible approach to narrow the differences on contentious issues like agriculture and Singapore.

"This (talks) is urgent! This is possible! So, back to the negotiating table. Not next week, not next month, not next year. But tomorrow," EU Trade Commissioner Pascal Lamy said at a CII (Confederation of Indian Industry) conference in New Delhi.

After his talks with Commerce Minister Arun Jaitley on how to proceed further, Lamy said, "We want to ensure that the Doha Development Round moves forward rapidly."

"2004 is a year of opportunity. The EU is ready to move further, so is US, we understand. So let us negotiate substance, in order to ensure the Doha Agenda brings real advances to development, via better rules, via better market access," Lamy said.

"And at the risk of truism, it won't happen unless EU and India can come to grips with more of the agenda and agree more of it," Lamy said even as he admitted there were contentious issues which needed to be sorted out through dialogue.

PTI

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