Doha Round may conclude in 2014: Rahul Khullar

WTO has to reinvent itself in changed scenario to survive: Commerce secretary

trithesh

Trithesh Nandan | December 20, 2011



Some people believe that the Doha Round of trade talks under the World Trade Organisation (WTO) will be successfully concluded next year but commerce secretary Rahul Khullar thinks it will go on till 2014.

“It will be neither 2012 nor 2013 but might be 2014 for successful negotiations for the Doha Round,” Khullar told a Ficci seminar on trade talks.

Year 2012 is ruled out because of the US presidential election and 2013 is out of question because the US will have a new administration, either Democrat or Republican, and then negotiations would start afresh, he said. “If by the end of 2013, there is a deal on Doha Round, you are damn lucky,” said the commerce secretary.

He blamed the developed countries for spoiling whatever little chance there was for negotiations this year. “Until the economic trouble the world is facing abates, there is no hope of seeing any rosier picture,” Khullar pointed out.

He, however, suggested that multilateralism has to survive because Doha round is ‘stuck’. “If WTO has to survive in new circumstances or changed scenario it has to reinvent itself and by taking some of its jobs.”

The WTO ended its crucial biennial ministerial conference without making any headway on the way forward for the Doha Round of talks last week.

The Doha Round was launched in 2001 with the opening up the world market and helping poorer countries benefit from global trade. The talks have been regularly suspended for the past 10 years because the developing and developed countries have been unable to agree on a set of rules for the tariffs on agricultural sector, industrial goods and services.

Comments

 

Other News

When algorithms decide and children die

The images have not left me, of dead and wounded children being carried in the arms of the medics and relatives to the ambulances and hospitals. On February 28, at the start of Operation Epic Fury, cruise missiles struck the Shajareh Tayyebeh school – officially named a girls’ school, in Minab,

The economics of representation: Why women in power matter

India’s democracy has grown in scale, but not quite in balance. Women today are active participants in elections, influencing outcomes in ways that were not as visible earlier. Yet their presence in legislative institutions continues to lag behind. The Nari Shakti Vandan Adhiniyam was meant to addres

India will be powerful, not aggressive: Bhaiyyaji

India is poised to emerge as a global power but will remain rooted in its civilisational ethos of non-aggression and harmony, former RSS General Secretary Suresh `Bhaiyyaji` Joshi has said.   He was speaking at the launch of “Rashtrabhav,” a book by Ravindra Sathe

AI: Code, Control, Conquer

India today stands at a critical juncture in the area of artificial intelligence. While the country is among the fastest adopters of AI in the world, it remains heavily reliant on technologies developed elsewhere. This paradox, experts warn, cannot persist if India seeks technological sovereignty.

RBI pauses to assess inflation risks, policy transmission

The Reserve Bank of India (RBI) has begun the new fiscal year with a calibrated pause, keeping the repo rate unchanged at 5.25 per cent in its April Monetary Policy Committee (MPC) meeting. The decision, taken unanimously, reflects a shift from aggressive policy action to cautious observation after a signi

New pathways for tourism growth

Traditionally, India’s tourism policy has been based on three main components: the number of visitors, building tourist attractions and providing facilities for tourists. Due to the increase in climate-related issues and environmental destruction that occurred over previous years, policymakers have b


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter