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Discuss local subsidies before import tariffs, India tells WTO - D Ravi Kanth

-Livemint.com

WTO director general holds meetings with envoys from 7 major industrialized and developing countries

Geneva:
India has conveyed to the World Trade Organization (WTO) director general that commitments to reduce trade-distorting farm subsidies must be discussed before pursuing new ideas for reducing import tariffs on agriculture and industrial products for concluding the Doha Development Agenda (DDA) trade negotiations by year-end.

Over the last 10 days, WTO director general Roberto Azevêdo has convened closed-door meetings with trade envoys from seven major industrialized and developing countries to discuss new ideas for market-access reduction commitments in agriculture and industrial goods to replace the 2008 revised draft modalities.

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