CPMs latest whine: Govt yielding ground at WTO

  • 17/07/2008

  • Economic Times (New Delhi)

ALLEGING that interests of developing nations have not been addressed, the CPM on Thursday asked the Manmohan Singh government to reject the revised drafts in the WTO mini-ministerial meeting at Geneva next week. The party sought a debate in Parliament on the issue before New Delhi "yields further ground' in agriculture or Non-Agricultural Market Access (NAMA). The CPM asserted that India stands to lose immensely from the proposals on the table and said the special safeguard mechanism envisaged in it is also too restrictive and ineffectual. "The developing countries, including India, have committed a mistake by agreeing to negotiate on the special safeguard mechanism, rather than insisting on the right to impose quantitative restrictions,' the CPM polit bureau said in a statement. It said the mini-ministerial was being held to push ahead with the Doha Round negotiations, which have remained inconclusive, even after seven years. "No progress has been made on the outstanding implementation issues, particularly with regard to the amendment to the TRIPS Agreement in order to protect the interests of the developing countries,' it said. The negotiations will be based on two texts on Agriculture and NAMA which "reflect the efforts of the advanced countries led by the US to tilt the outcome of the Doha Round, which was supposed to be a development round, decisively against the interest of the developing countries.' The CPM said the Bush administration did not have the authority from the US Congress any more to conclude the current WTO negotiations in a credible manner, with the