India-WTO-Developing Countries
India has found that fresh WTO proposals in the run-up to the crucial ministerial meeting on July 21 are against the interests of developing countries but hopes that the trade ministers will be able to resolve the differences in Geneva.
Commerce ministry officials are not happy with an anti- concentration clause that restricts the freedom of developing countries to choose the kind of industries they want to protect against liberalized imports.
They are also not pleased with the level of protection proposed in the farm text for small and marginal farmers. "India will not accept a deal that includes an anti-concentration clause," PTI reported here quoting official sources.
Fresh proposals on agriculture and NAMA were released on Thursday by chairs of the negotiating groups in the run-up to the July meeting of key trade ministers. Indian industry and the government are disappointed with the condition that cripples the ability of a developing nation to provide a tariff protection to a set of industries within the overall limit that will be provided under the market-opening agreement.