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Poor Countries Face Threat of Trade-Offs, Says Organisation Official.
Byline: Dinesh Sharma
Dec. 4--Developing countries must prepare for trade-offs that they are inevitably bound to make or receive during the new round of multilateral trade negotiations, according to Dr Supachai Panitchpakdi, the director-general designate of the World Trade Organisation.
Unlike the previous Uruguay Round, in which developing countries waited for its completion to express their displeasure and concerns on so many issues, this time they should actively involve themselves from the beginning so that they are not left behind, said the former Thai deputy prime minister.
He made the comments on the sidelines of the India Economic Summit 2001 in New Delhi on Sunday evening.
Earlier, addressing the summit, Dr Supachai said there seemed to be a catch in the Doha ministerial declaration, in particular the paragraph relating to market access for non-agricultural products, which requires comprehensive product coverage on negotiations toward reduction or elimination of tariffs.
There would be demands for a quid-pro-quo from developed countries when they agree on elimination of tariff peaks and, therefore, developing countries may be asked to undertake 100 percent binding of their tariffs, he said.
At the same time, Dr Supachai said there were enough safeguards in the paragraph which explicitly stated that the negotiations should fully take into account the special needs and interests of developing and ...
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