New Delhi says, early conclusion of WTO trade talks is essential to restore the confidence in the global economy and markets in view of the financial crisis. Addressing Indian Envoys, External Affairs Minister SM Krishna said, the timely conclusion of the talks is important also to guard against emerging protectionist tendencies and to protect the livelihoods of the poor and marginalized.
To end the deadlock, India has convened a mini-ministerial meeting in New Delhi next week in which trade ministers from over 75 countries will participate. The Doha Round of talks, launched in 2001, has missed several deadlines mainly because of strong divergent positions
of India and the US over agriculture subsidy, protection to farmers and nascent industries in developing countries. India has spearheaded different groupings like G-20, G-33 and NAMA (Non-Agriculture Market Access)-11 of developing countries.
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