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FICCI praises firm stand at Cancun

Our Bureau

New Delhi , Sept 15

WHILE regretting the inconclusive outcome of the Cancun Ministerial Conference, the Federation of Indian Chambers of Commerce and Industry (FICCI) has complimented the Indian negotiators for playing a leading role in forming and maintaining a strong, effective, issue-based alliance of developing countries in the build-up and during the negotiations at Cancun.

The chamber said that such unprecedented united and firm stand displayed by the G-22 in agriculture, G-16 on Singapore issues, least developed and ACP-countries, demonstrates the increasing influence of the developing world in the multilateral trade negotiations.

"It was indeed important that India remained actively engaged throughout the negotiations and did not concede in any area," said Dr Amit Mitra, Secretary General of FICCI.

Referring to the developing countries determination to stick to the coalition and withstand intense pressure by dominant trading powers, he added that the G-21 had now become G-22 with Indonesia joining the group. Its first post-Cancun meeting reaffirmed the unity of the alliance and several Ministers spoke unambiguously on the continuity of this grouping.

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