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By Our Special Correspondent
Mr. Jaitley said that armed with this consensus at home he felt much stronger. And despite misgivings in some quarters and fears that the unity among developing countries would break down, that did not happen. "We did a successful exercise in coalition building among developing countries ahead of the Cancun meet.''At the end of the day in Cancun, the European Union was willing to "sacrifice'' the Singapore issues - investment and competition - while it was also ready to make some concessions on export subsidies on agriculture.Mr. Jaitley was critical of the draft declaration that could not be adopted. "It was a bad draft declaration ... but at the end we were close to a good declaration. However, the meeting was declared closed.'' He was hopeful that the next round in Geneva would take up the threads from where Cancun left. But irrespective of success or failure, the historic change in Cancun was that the balance of equation between the developed and developing world had changed. The West will have to face this fact.
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