Addressing the Seminar on ?Post-Bali Agenda of WTO and Trade Facilitation? at FICCI , Commerce Secretary Mr Rajeev Kher said "Bali was a success and the beginning of a new phase of WTO which is of great significance to developing countries like India.
The Trade Facilitation Agreement signed at the WTO Bali Ministerial is expected to bring gains for Indian business. Although India was unilaterally also pursuing Trade Facilitation initiatives, the WTO Agreement has set an obligation for countries to commit to reforms. Food Security was another milestone achievement of Bali and a remarkable negotiating success which helped in addressing a historic deficiency of the WTO agreement."
"While India remains a huge supporter of the 'Single Undertaking' in the run-up to the formulation of the Post-Bali Agenda, there is a shift in the paradigm with the emergence of plurilateral engagements such as the Trade in Services Agreement (TISA), NAMA Sectorals, ITA-2, Agreement on Environment Goods, to name a few, which would force the usage of WTO only to the extent that is necessary. It would be a challenge for India, as Plurilaterals would dilute India?s strong stance on the issue of Single Undertaking", Commerce Secretary added.
The Seminar was jointly organized by FICCI and Centre for WTO Studies. Other speakers at the Seminar were Mr R V Kanoria, Past President, FICCI and Chairman & Managing Director, Kanoria Chemicals & Industries Ltd; Mr Sumanta Chaudhuri, Joint Secretary, Ministry of Commerce and Industry; Mr V K Srivastava, Director, Ministry of Commerce and Industry; Ms Kajal Singh, Additional Commissioner, Central Board of Excise and Customs (CBEC); Dr A Didar Singh, Secretary General, FICCI and Mr Abhijit Das, Professor and Head, Centre for WTO Studies.
Source:- newstrackindia.com
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