Doha trade talks resume in Geneva

Trade talks resumed in Geneva,10 days after 30 ministers broke the impasse on Doha negotiations.

Trade talks resumed in WTO headquarters at Geneva today,10 days after 30 ministers broke the impasse on Doha negotiations,aimed at reaching a global pact for opening USD 32 trillion international commerce.

Senior officials from key nations began their preliminary discussions,mainly on the contentious issues relating to the farm subsidies in rich nations and livelihood concerns of farmers in developing countries,which are also seeking flexibilities in protecting their fledgling industries.

“Besides the multi-lateral talks,negotiators will engage themselves in a lot of bilateral meetings in the next few days to assess whether reaching a common ground is possible,” an official said.

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The hardcore negotiations will kick off tomorrow at a meeting to be chaired by Director General of World Trade Organisation (WTO) Pascal Lamy.

India’s negotiating team is headed by Additional Secretary in the Commerce Minister D K Mittal.

The talks are resuming after a gap of 14 months. At Geneva in July 2008,the ministers failed to reach a consensus as India remained steadfast on protecting its farmers and the US seeking higher market access for its agri products in advanced developing countries like India.

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