labels: Trade, Economy - general
Brown backs India' WTO stance; asks US, EU to cut subsidies news
21 January 2008

Mumbai: Visiting British prime minister Gordon Brown has asked the United States and the European Union to cut farm subsidies and help bring the Doha Round of world trade talks to a successful conclusion.

"The US needs to cut subsidies and Europe needs to cut subsidies," Brown said during a function at the Indian Institute of Technology, adding that India too has an equally important role for reaching a global trade agreement.

Meanwhile, UKSkills and i2india Holdings today signed two agreements with the Confederation of Indian Industry (CII) focussing on skills and innovation, respectively.

The agreements were signed in the presence of UK secretary of state for business, enterprise and regulatory reform, John Hutton, union commerce and industry minister Kamal Nath and CII president Sunil Bharti Mittal.

CII and i2india Holdings signed a statement of intent with a view to tap and drive innovation in India, for both industrial and social development.

Malivinder Mohan Singh, chairman, CII Technology Committee and CEO and managing director, Ranbaxy Laboratories Ltd and Chris Mathias, chairman, i2india, signed the agreement on behalf of the respective organisations.

CII and i2india will offer services to Indian industry for enhancing awareness of innovation and intellectual property (IP) while supporting identification of market opportunities for IP and technologies - both domestic and foreign.

I2india, the Indian arm of UK's Imperial Innovations Group plc, focuses on creating commercial value from intellectual property.

Based at the Imperial College, London, Imperial Innovations is listed on London Stock Exchange's AIM and is one of the leaders in the UK in the field of technology transfer and commercialisation through the structuring of licensing deals and the transfer of intellectual property into newly formed companies.

The other agreement was signed between UKSkills and WorldSkills India, an organisation managed by CII. Simon Bartley, chief executive, UKSkills and Lt Gen (Retd) S S Mehta, director general, CII, signed the agreement.


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Brown backs India' WTO stance; asks US, EU to cut subsidies