Home »
World » Full Story

| |
'US, EU must reduce subsidies; they cannot escape'
Monday, September 8 2003 12:27 Hrs (IST)
London: India, with the help of other developing countries, will try to hammer the point at the Cancun
Ministerial WTO (World Trade Organisation) conference that the developed countries would have to
reduce agriculture and export subsidies.
"The fight for the developing countries in Cancun would be to force the developed world to reduce
subsidies in their respective nations," Tejinder Khanna, former Indian Commerce Secretary said on
September 7 night.
"As these nations give billions of Dollars as export subsidies, developing world would have to convince
them on the point that what you have done till now is not sufficient and you would have to give the
developing world a chance," Khanna said.
"The practical position is that the US and the EU would have to reduce the subsidies. They cannot
escape this," Khanna, who represented India during many rounds of WTO negotiations, said.
Participating in the BBC Hindi Special Programme 'Aapki Baat BBC Ke Saath' on the
subject, 'Challenges for India at the Cancun Ministerial WTO Conference,' Khanna said India has been
saying and has led the developing countries in this regard that the developed countries should reduce
the export subsidy on agricultural produce.
"What has been happening is that the large export subsidy being given by the developed countries does
not allow the developing countries' farmers to be able to export their produce and enter the international
market."
PTI
What do you think of this article ? Click here to post your views

|
 |
|
More News |
|
|
|