Tuesday, October 18 2005 16:07 Hrs (IST) - World Time -

New Delhi: Prime Minister Manmohan Singh today (Oct 18, 2005) gave broad parameters for India's strategy at the WTO negotiations a day ahead of the crucial meeting of the Five Interested Parties comprising EU, US, India, Brazil and Australia.

"The Prime Minister gave the broad parameters for negotiations. I briefed him on the state of play and the US proposal on subsidy cut for farm products," Commerce Minister Kamal Nath told reporters after the meeting of a Group of Ministers.

Apart from Nath, the informal meeting, chaired by Manmohan Singh, was attended by Defence Minister Pranab Mukherjee, Planning Commission Deputy Chairman Montek Singh Ahluwalia and Minister of State in Prime Minister's Office Prithviraj Chavan.

Nath, who will be attending the meetings in Geneva aimed at breaking the impasse in multilateral trade talks, said he told the meeting that Indian markets would not be opened for subsidized imports from developed countries.

"We are looking at trade flows and not subsidy flows," he said.

The meeting also took note of response paper of the Left Parties.