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August 24, 2003 Sunday Jumadi-us-Sani 25





Cancun talks for non-discriminatory trading system


NEW DELHI, Aug 23: Upcoming World Trade Organization (WTO) talks in Mexico should work for a “non-discriminatory” trading system that considers developing countries, a senior UN official said in an interview published on Saturday.

Rubens Ricupero, secretary general of the United Nations Conference on Trade and Development (UNCTAD), suggested to the Indian newspaper The Hindu that the September 10-14 ministerial meet in Cancun should work for a trade system that is non-discriminatory, rule-based, stable, predictable and equitable.

Ricupero said developing countries needed flexible economic policies and said the success of the Cancun talks would depend on how it tackled issues such as access to rich countries’ markets, a key demand of India and other developing countries.

He complained of a “disquieting development” in countries taking “contingent protective measures” against textile imports ahead of the elimination of textile quotas by 2005 under the WTO.

He expressed concern about tariffs affecting exports from developing countries and proposed special consideration in trade talks for sensitive products such as agricultural produce and commodities, garments, leather goods, footwear and rubber.

Ricupero also said the WTO could be undermined by mushrooming regional trade arrangements, especially those concluded by major trading nations.

They (regional agreements) can lead to an erosion of the cardinal principles of non-discrimination and MFN (most favoured nation) treatment under the General Agreement on Tariffs and Trade (GATT)/WTO, he said.

India, China and Brazil on Wednesday led a group of developing countries in unveiling a new proposal on how to reform global agricultural trade, calling for a substantial reduction of all subsidies to farmers.

The joint statement came in response to a separate proposal drafted between the United States and European Union. —AFP






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