BUSINESS

Doha talks collapse: chambers express dismay

Special Correspondent

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.

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