CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. India Predicts Three-Year Doha Delay

India Predicts Three-Year Doha Delay

by Mary Swire,, Hong Kong

23 December 2011

India's Commerce Secretary, Rahul Khullar has noted that Doha Development Round talks are unlikely to come to fruition in the next couple of years, as governments lack the political will to bring about long-lasting measures to liberalize world trade.

Addressing a meeting of the Federation of Indian Chambers of Commerce and Industry, Khullar noted that the global financial crisis is the primary factor for delayed negotiations, noting that until developing nations exit the recession, and overcome the turmoil they are facing domestically, policymakers are unlikely to take new steps towards trade agreements.

Khullar also noted that US elections are likely to stall the talks further, so that meaningful discussions are not likely to occur until 2013.

Discussing the earliest a Round could be concluded, Khullar said: "If by the end of 2013, nations have a deal, you will be pretty damn lucky. My guess is you are looking closer to 2014."

Nations began Doha negotiations - an ambitious global agreement to remove barriers to trade, including taxes - in 2001. Talks have been deadlocked on tariff reductions for developing nations, with advanced nations blamed for stalling on the provision of concessions.

Khullar pointed out that India has already offered a package of measures to Least Developed Countries but said there remained a few nations "just not willing to engage".

TAGS: tax | economics | free trade agreement (FTA) | India | law | tariffs | World Trade Organisation (WTO) | agreements | trade

To see today's news, click here.


Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »

Stay Updated

Please enter your email address to join the mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.

To manage your mailing list preferences, please click here »