Thursday, 24 May 2007

Global trade system at risk, India warns

India warned the World Trade Organisation (WTO) that the entire system of global trade would always remain at risk as the developed countries were still not willing to fulfil their commitments to correct the imbalance in trade.

In his opening statement at WTO's Trade Policy Review meeting for India being held in Geneva, Commerce Secretary G. K. Pillai said: "India is extremely concerned at the slow pace of [WTO] negotiations. While the suspended [Doha Round] talks have resumed, the political will on the part of developed countries is still not evident.''

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