Mumbai: The Doha Round of WTO talks, suspended
since July last, is expected to resume in January next
year, with a possible global trade deal by March 2007,
commerce secretary G K Pillai said.
are indications that a mini-ministerial could be held
by end of January for reviving the WTO process but the
sixty-day wait is too long. We need to push the talks
fast as time is running out," he said, adding,
"There is a possibility of the deal by March (next
was prepared to play an active role in negotiations,
he said. Informal consultations have started but there
was no urgency, he added. "Once talks restart you
would not find India on back foot. We are willing to
give to ensure that the country gets a good deal in
negotiations," he said,
said the US should cede ground on agriculture to get
benefits in industrial goods and services. If the US
had agreed to cut trade-distorting subsidies in farm
products, its economy would have gained $36 billion.
only area India gains is agriculture while it will have
to give in
other sectors," Pillai said. GK Pillai is also
India''s chief negotiator at the WTO.