Online India news update
Volume-VII
Subscribe Newsletter
India News | Lifestyle India | India Business NewsSearch News    
Archive Section  

Monday, July 21, 2008 (15:31:18)

India ready to negotiate on Agri subsidies at WTO

Geneva: On the eve of the crucial WTO meeting of key trade ministers in Geneva, India said that level of cuts in agricultural subsidies and industrial tariffs may be negotiated beyond the range proposed in the draft texts if there is consensus among the rich and developing nations.

"There are numbers in the text and whether we can go beyond is something that will be negotiated. It is possible on a few isolated cases that we may even go beyond numbers if there is a consensus among ministers," Commerce Secretary Gopal Pillai said that after the meeting of the G - 33, the agriculture alliance of the developing countries.

He said that if developed countries like the US go outside the range (as given in the agriculture and Non - Agricultural Market Access texts circulated in the WTO) for cutting farm and industrial tariffs, then anybody else can also go outside the numbers.

The World Trade Organisation has convened a five - day mini Ministerial Meeting beginning on July 21 to infuse urgency into the long-running Doha trade talks. "We should know the vision tour of the 30 odd trade ministers for the entire agriculture and NAMA by tomorrow evening," Pillai said.

India will also present its list of offers and demands for market access in services at the WTO Signalling Conference scheduled on July 24. The 30 nations participating in the meeting would also submit their list of five offers and demands in the area of services at the Signalling Conference.

Services Chair Ambassador Fernando de Mateo of Mexico is also expected to put out a text on services after the ministers' conference. He has circulated a services report on July 17. "At the moment there is nothing (in services). They are just good intentions," Pillai said. (PTI)
Stock Market  
BSE Sensex 13821.95 +186.55
NSE Nifty 4148.25 +56.00
Bullion Rate  
Cities Gold Silver
Chennai 13579 25796
Delhi 13531 25429
Kolkata 13579 25704
Mumbai 13483 25612
Gold-price per 10 gm(24k)
Silver - price per kg
Weather News  
Cities Min °C Max °C
Delhi 29.3 36.4
Mumbai 27.1 31.3
Kolkata 26.5 30.6
Chennai 27.4 36.9
Chandigarh 26.6 36.0
Dehradun 23.2 30.1
Exchange Rates  
US(USD) = 42.8341
Europe(EUR) = 67.9024
Britain(GBP) = 85.6392
Japan(JPY) = 0.4008
China(CNY) = 6.2914
Sri Lanka(LKR) = 0.4032
Nepal(NPR) = 0.6329
Pakistan(PKR) = 0.6070
Bhutan(BTN) = 1.0002
Maldives(MVR) = 3.3910
B'desh(BDT) = 0.6355
Thailand(THB) = 1.2931
(In terms of INR)
For exclusiveDelhi news
www.delhi.headlinesindia.com
For exclusiveMumbai news
www.mumbai.headlinesindia.com
For exclusiveKolkata news
www.kolkata.headlinesindia.com
For exclusiveChennai news
www.chennai.headlinesindia.com
About Us Disclaimer Feedback Contact Us
Headlines India is brought to you by headlinesindia.com © all rights reserved

Compare Infobase Limited
C-62, Community Center, Janakpuri, New Delhi-58 (India)
Tel: +91-11- 25536090, 25595898
You may contact round the clock (24 hours) Fax: + 91-11-25547264 Mobile: +91(0) 9871799906
email: simar@infobase.in
Compare Infobase Limited