ABC Money
Home

India urges US leadership on WTO (AFP)


Published :
Fri, 19 Mar 2010 10:33
By : yahoo.com
Print this Story


AddThis Social Bookmark Button


WASHINGTON (AFP) –
India on Thursday urged the United States to take the lead in resuming global free trade talks after the EU trade chief lashed out at "protectionism" by President Barack Obama's administration.



Indian Commerce Minister Anand Sharma said he had a "very free and frank exchange of views" with top US trade officials on a visit to Washington.



"There are many other countries, both developing as well as developed countries, which have urged the United States, being the largest economy, to take leadership," Sharma told reporters.



Sharma voiced hope that the Obama administration would help "work towards reaching an understanding which loses the gaps" among key trading partners.



Sharma said India had "similar" views to the EU trade commissioner, Karel De Gucht, who in an interview blamed the Obama administration for holding up the decade-old Doha round of World Trade Organization (WTO) negotiations.



Speaking to the Belgian business daily De Tijd, De Gucht took direct aim at Obama's goal to double US exports over five years, saying: "I don't see how anyone can double exports if there's no movement towards free trade."



Obama, who was elected with support of labor unions, has pledged commitment to trade liberalization but has shown little sense of urgency in finalizing free trade agreements with Colombia, Panama and South Korea.



India has been a leader in the WTO talks among developing nations, who have been particularly concerned by rich countries' subsidies to farmers which critics argue distort trade.



The mild-mannered Sharma took office last year after India's Congress Party swept back to power in elections. He replaced Kamal Nath, who was known for his strident advocacy of developing nations during trade talks.






Share on



Comment on this Article
Comment:
Title:
Name:
Please Enter
 
Here
  

 Search News

 Look For
Business
Credit cards
Finance
Loans
Money
Mortgages

 
 Stock Quotes *
SYMBOL
LAST
CHANGE
DOW JONES
10340.69
-107.24 ( -1.03 %)
NASDAQ
2792.28
22.57 ( 0.81 %)
FTSE 100
5741.15
38.78 ( 0.68 %)

SYMBOL ( 2012-01-19 )
LAST
CHANGE
STANDARD CHARTERED ( 11:35am )
1559.00
70.00 ( 4.76 %)
WOLSELEY PLC ( 11:35am )
2250.00
70.00 ( 3.20 %)
CARNIVAL ( 11:35am )
2017.00
46.00 ( 2.42 %)
LAND SECURITIES GROUP ( 11:35am )
679.50
36.50 ( 5.63 %)
WHITBREAD ( 11:35am )
1662.99
33.99 ( 2.09 %)

SYMBOL ( 2012-01-19 )
LAST
CHANGE
3M COMPANY ( 12:34pm )
85.78
0.71 ( 0.83 %)
BOEING CO ( 12:34pm )
75.70
0.64 ( 0.85 %)
JP MORGAN CHASE CO ( 12:34pm )
37.03
0.49 ( 1.33 %)
WAL MART STORES ( 12:34pm )
60.44
0.43 ( 0.72 %)
IBM ( 12:34pm )
181.50
0.43 ( 0.24 %)

SYMBOL ( 2012-01-19 )
LAST
CHANGE
F5 NETWORKS INC ( 12:11pm )
122.38
13.92 ( 11.80 %)
ICO GLOBAL COMM CL A ( 8:01pm )
99999999.99
9.37 ( 366.02 %)
PRICELINECOM INC ( 12:23pm )
525.40
6.57 ( 1.26 %)
AMAZONCOM INC ( 12:04pm )
195.65
6.21 ( 3.25 %)
MILLICOM INTERNATIONAL CELLULAR SA ( 4:00pm )
110.18
4.82 ( 4.43 %)

Gainers & Losers
Dow Jones
Euro Stoxx 50
FTSE 100
FTSE 250
FTSE AIM
FTSE ALL
Nasdaq

 Portfolio Manager

You must log in to access this area of the site. If you are not a registered user click here to sign up for instant access!


 Finance Explained

Money making ideas

Save money

Money management
Savings accounts
Investing money
Share dealing
Stock broker
Forex currency trading
Pension plans
Functions of Money

(c) 2007 viploan.co.uk, All Rights Reserved
*viploan.co.uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.