At the World Economic Forum meeting in Davos, Kamal Nath, the Commerce and Industry Minister on Jan 29 enlivened the otherwise sombre mood by sounding optimistic that a global trade pact under the Doha Round can be sealed soon.
Nath said, "I am optimistic that in the next couple of months with more intensive negotiations we should be able to close this round... we are perhaps in the last lap".
However, the trade ministers of key WTO members will meet here at the weekend to narrow the differences between the developed as well as the developing countries.
The Doha Round of negotiations, which was launched seven years earlier have failed to bring a consensus among the 153-members on the level of breaking trade barriers. However, the last Ministerial Meeting held in July collapsed due to the wide differences between the developed and developing countries.
Nath said, "I am optimistic that in the next couple of months with more intensive negotiations we should be able to close this round... we are perhaps in the last lap".
However, the trade ministers of key WTO members will meet here at the weekend to narrow the differences between the developed as well as the developing countries.
The Doha Round of negotiations, which was launched seven years earlier have failed to bring a consensus among the 153-members on the level of breaking trade barriers. However, the last Ministerial Meeting held in July collapsed due to the wide differences between the developed and developing countries.
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