A serious confrontation looms between India and US as both will co-chair special World Trade Organization group on services negotiations
Harish Baliga
Sep. 27, 2005

India strongly believes India deserves full access to US outsourcing and software market while keeping its own market relatively closed to US businesses. America does not support that. The US businesses are eager to participate in financial and insurance businesses.

India and the US will co-chair a 14-member special group on services negotiations, a move aimed at giving a boost to WTO talks ahead of the Hong Kong Ministerial Conference in December.

The formation of the group was agreed at a meeting of trade ministers of US, EU, Brazil and India in Paris. The meeting is being attended by Commerce Minister Kamal Nath and Commerce Secretary S N Menon.

India is least concerned about the job losses in the Western nation. India is more concerned with gaining foreign exchange at any cost! That will fuel confrontation between Indian and Western interests.

The group will have Argentina, Australia, Brazil, Canada, Chile, China, EU, Japan, Malaysia, Mexico, Singapore and South Korea as members, according to reports from Paris.

India, which has offensive interests in services due to its strengths, was keen on the formation of such a group and this had been emphasised by Nath at recent meetings as the move would give the much-needed push to services negotiations.

It may be noted that not all 148 members of the WTO have interests in services negotiations. The formation of the group assumes significance in the on-going Doha round negotiations ahead of the Hong Kong Ministerial Conference.

Trade ministers and officials are meeting in Paris in a bid to break a deadlock in WTO talks that is threatening the Doha round of negotiations.

Besides Nath, US Trade Representative Rob Portman, EU Trade Commissioner Peter Mandelson and Brazilian Foreign Minister Celso Amorim are taking part in the talks.

A serious confrontation looms between India and US as both will co-chair special World Trade Organization group on services negotiations
Harish Baliga
India, which has offensive interests in services due to its strengths, was keen on the formation of such a group....
READ MORE>>

It is just a matter of time before most exploited BPO workers of India joins Union as Western economies falter
Sans Solavo
As Western economies falter due to stagflation, American and European companies cannot pay what they are paying now, Indian BPO workers will join the unions.
READ MORE>>

Microsoft expanding fast in India outsourcing– to double employees in India by 2006
Babu Ghanta
The world’s largest software company plans to double its staff strength at its Indian centres in Hyderabad and Bangalore by March 2006
READ MORE>>

India’s biggest mistake of millennium - India’s PM focuses on second wave of development in service sector and rapid industrialization
Kiran Chaube
It is a mistake. The biggest mistake of the millennium for which many generations of Indians will pay for it.
READ MORE>>

Indian communist chief Minister of West Bengal state provides first signal of embracing outsourcing – Chinese model ideal for Indian communists
Musharrat Habib
The communists may have for the first time understood to facilitate outsourcing, India must accelerate economic reforms rapidly.

READ MORE>>

MORE ARTICLES >>