According to report in London''s Financial Times
commerce minister Kamal Nath said the developing countries
could compromise to reach a deal on global trade provided
the US and the EU had to yield more to revive the talks.
told the paper that he had asked the US and the EU that
to show a convergence of interest ahead of a meeting
of about 30 trade ministers at a summit in Davos, Switzerland.
ministerial (meeting) is not to negotiate. The starting
point cannot be a ministerial," Nath was quoted
by the paper.
and EU negotiators are working to bridge differences
over agriculture in world trade talks, but a gulf remains
between Washington and India.
along with Brazil has emerged as a rallying point for
other developing nations that has acted as a foil to
the US'' and the EU''s controlling influence in the Doha
Round of talks. India and brazil have demanded that
richer countries should curb their farm subsidies while
safeguarding the interests of their own farmers.
the US seeks market access for its subsidised products,
it will result in more market access for subsidy flows,
not trade flows," Nath told Financial Times.