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`No negotiations on S`pore issues without explicit consensus`
Cancun, Sept 13: India, along with a group of developing and `least developed countries`, on Saturday made it clear that there could be no negotiations on Singapore issues such as trade and investment without explicit consensus on the modalities for negotiations, and sought continuation of clarification process on the issues.
Cancun, Sept 13: India, along with a group of developing and 'least developed countries', on Saturday made it clear that there could be no negotiations on Singapore issues such as trade and investment without explicit consensus on the modalities for negotiations, and sought continuation of clarification process on the issues.
In a letter addressed to Pierre S Pettigrew, Canadian minister for international trade who is also 'facilitator' for Singapore issues at the Ministerial, Commerce Minister Arun Jaitley and Malaysian trade minister Rafidah Aziz underlined the concerns of developing nations over the impact of multilateral rules relating to the four new issues on their domestic polices.
The four Singapore issues are trade and investment, competition, transparency in government procurement, and trade facilitation.
The letter, which was written on behalf of developing countries and least developed countries including Indonesia, Egypt, Bangladesh, Venezuela, Uganda, and China, said the nations were yet to fully comprehend the implication of having WTO rules on these four issues and pointed at the concerns of domestic policies and availability of resources.
Asserting that there was no option other than the continuation of clarification process, the letter said the developing countries' concerns be annexed to the revised draft of the Cancun Minsterial Declaration.
Bureau Report
The four Singapore issues are trade and investment, competition, transparency in government procurement, and trade facilitation.
The letter, which was written on behalf of developing countries and least developed countries including Indonesia, Egypt, Bangladesh, Venezuela, Uganda, and China, said the nations were yet to fully comprehend the implication of having WTO rules on these four issues and pointed at the concerns of domestic policies and availability of resources.
Asserting that there was no option other than the continuation of clarification process, the letter said the developing countries' concerns be annexed to the revised draft of the Cancun Minsterial Declaration.
Bureau Report