On the defensive at Cancun?
RECENTLY Arun Jaitley identified agriculture and investment as the two main issues for next month's World Trade Organization ministerial conference in Cancun, Mexico. (Jaitley is India's union minister of commerce and industry, and head of the Indian delegation to Cancun.) He isn't off target. The US, the world's largest agricultural exporter, will push for dismantling barriers in the agricultural markets. The EU, the world's largest foreign investor, is sure to gun for an agreement on investment. Will India withstand their power-packed insistence, or buckle under during negotiations?
From India's point of view, Cancun is also important so far as implementation issues