News

As experts dissect the collapse of the World Trade Organization’s (WTO) Doha round of global trade talks to explain its causes and effects, many are missing how it signals a shift in the sensibilities of people everywhere to end of the era of global free trade and renew government’s rightful role in regulating commerce, especially in the critical areas of fuel, food, and finance.

New York, 26 Jun (Bhumika Muchhala) -- The bailouts given to companies in developed countries have destroyed the framework of the multilateral trading system for a level playing field, according to the Nobel prize-winning economist Joseph Stiglitz.

 

Speaking at the UN conference on the global financial and economic crisis, Stiglitz said that the massive bailouts and stimulus programmes of the rich countries have "destroyed the framework for an international and multilateral global playing field for trade."

 

Geneva, 25 Jun (Kanaga Raja) -- The global economic crisis, which has reached the African continent, requires the re-examination of existing approaches to international development, with one important response being deeper regional integration to address the long-standing structural weaknesses of African economies, the UN Conference on Trade and Development (UNCTAD) said Thursday.

 

Date: 18 June, 2009 Dear Prime Minister Mr. Manmohan Singh, As the newly formed UPA coalition government is just settling in to govern for the next five years, there is news that Commerce Minister Anand Sharma is already on his way to the United States (US) to bilaterally iron out differences to seal the trade deal that was launched during the World Trade Organisation's (WTO) 4th Ministerial Meeting in Doha. At stake in these trade negotiations are hundreds of millions of livelihoods in the farming and non-agriculture sectors that India has fought hard to preserve over the past eight years since the launch of the Doha Development Round.

Kathrin Hille in Beijing and Edward Luce in Washington

China and the US failed to achieve a breakthrough at their latest round of
climate talks on Wednesday, raising the stakes in the global effort to fight
global climate change.

The two countries responsible for almost half of the world¹s greenhouse gas
emissions ended three days of negotiations in Beijing.

While there are still months to go until the December meeting in Copenhagen,
where 181 countries, led by the United Nations, plan to work out a new

Next week, Australia's Trade Minister Simon Crean will attend the Pacific Island Forum Trade Ministers Meeting in Apia, Samoa.

In his special address to the Cairns group, in Bali today, Shri Anand Sharma, Union Minister of Commerce and Industry has reiterated the Indian commitment to the successful conclusion of the Doha process through a constructive engagement.