Business   

Doha talks collapse: chambers express dismay

NEW DELHI: While fully endorsing the stand taken by the country during the negotiations at Geneva, Indian industry on Wednesday expressed dismay and disappointment over the failure of Doha talks even as some quarters felt that it was being anticipated. However, the apex chambers hoped that the negotiations can be restarted in the near future.

FICCI, CII and Assocham complimented Commerce Minister Kamal Nath for staying firm on his stand of safeguarding the interests of India’s marginal and vulnerable farmers and taking care of the sensitivities of domestic industry in the WTO Mini-Ministerial. “While we are dismayed at the collapse of Doha talks in Geneva, I think India has remained constructively engaged throughout, displayed necessary flexibility to take the negotiations forward, and did not make any compromise on the legitimate concerns of developing countries”, observed Amit Mitra, Secretary General, FICCI. “It is disheartening to know that the talks collapsed over the issue of a reasonable trigger point needed to safeguard the livelihood concerns of millions of subsistence farmers in developing countries,” said R. Gopalakrishnan, Chairman, CII WTO and Trade Agreements Committee and Executive Director, Tata Sons.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

M&M buys major stake in Kinetic Motor Company
ITC eyeing IT space
Tata Motors’ net down 30%
Doha talks collapse: chambers express dismay
India Cements posts lower profit in Q1
M.P. attracts major investments
Sri City launches SEZ
IOC net dips 71 %
Markets stage recovery
Exchange Rates
Bullion Rates
Madras Cements’ turnover and profit up
Orchid achieves higher gross margins in Q1
City Union Bank Q1 net profit up 23 %
Hero Honda net up 44 p.c.
Bata India Q2 profit up 58 %
Monnet Ispat posts higher sales, profit
Cairn India Q1 net loss at Rs. 46.68 crore
Drop in Aurobindo Pharma’s Q1 net profit
Spencer’s to close down 10 p.c. of outlets
Gold crashes to one-month low
Schaeffler’s hostile bid for Continental

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu