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India`s strategy for WTO service negotiations okayed
New Delhi, June 05: Government today approved the broad strategy for WTO services negotiation under which India would be willing to open up several services includingprofessional, health, financial, computer-related, architecture, tourism and book keeping.
New Delhi, June 05: Government today approved the broad strategy for WTO services negotiation under which India would be willing to open up several services including
professional, health, financial, computer-related, architecture, tourism and book keeping.
The strategy approved by the Cabinet Committee on WTO,
headed by Prime Minister Atal Bihari Vajpayee, makes it clear
that India was not willing to negotiate opening up of four
other services -- distributive (retail and wholesale
business), legal, posts and courier service and audio-visual
like films.
"We are not ready for opening up (to FDI) of these four services", official sources told, adding there are a few other services like energy, education, environment, recreation, culture and sports which could be considered for opening up only after undertaking more studies on these sectors.
The government was trying to play a pro-active role in the services negotiations and was willing to open up many of the sectors that included maritime services, urban land services.
Under the service negotiations, India has already made its offer to 62 countries, of which 25 have responded including the United States and European Union, the sources said.
The strategy was approved by the Cabinet Committee on WTO which enables the Commerce Ministry to make the offer in services in consultation with the concerned ministries.
"We are not ready for opening up (to FDI) of these four services", official sources told, adding there are a few other services like energy, education, environment, recreation, culture and sports which could be considered for opening up only after undertaking more studies on these sectors.
The government was trying to play a pro-active role in the services negotiations and was willing to open up many of the sectors that included maritime services, urban land services.
Under the service negotiations, India has already made its offer to 62 countries, of which 25 have responded including the United States and European Union, the sources said.
The strategy was approved by the Cabinet Committee on WTO which enables the Commerce Ministry to make the offer in services in consultation with the concerned ministries.
Bureau Report