News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

Home  » Business » G-22 ministerial meet likely in Jan

G-22 ministerial meet likely in Jan

Source: PTI
September 24, 2003 20:10 IST
Get Rediff News in your Inbox:

As a follow up to World Trade Organisation Ministerial in Cancaun, Mexico, the Group of 22 developing countries, which had formed an alliance to counter pro-developed agenda of the United States and the Euiropean Union on agriculture, is likely to hold a minister-level meeting in New Delhi in January.

Also Read


Cancun 2003: Complete Coverage

Trade can-can at Cancun


Industry sources said the meeting could be preceded by a business-to-business meeting among the industry leaders from these countries.

The dates for the meeting would be finalised shortly and it is expected it would be held sometime in mid-January after the senior official level general council meeting of WTO in Geneva in December.

Apart from India, the group includes Brazil, China, South Africa, Cuba, Argentina, Paraguay, Egypt, Nigeria and Pakistan.

The formidable alliance of Group of 22 was formed after US and EU submitted a framework for farm negotiations at WTO heavily loaded in favour of the developed countries on elimination of subsidies and reduction of tariffs.

South African Minister of Trade and Industry, Alec Erwin had on Sunday indicated that there could be an informal meeting of G-22 in Geneva in December to continue the discussions on the failure of the Cancun meet and to chalk out future strategy.
Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

Moneywiz Live!