The Confederation of Indian Industry (CII) has urged developed nations to show greater flexibility and understanding towards the developmental implications of food security issue. Finding a common landing zone on the important issue of food security is critical to ensure a success at the Bali Ministerial of the World Trade Organization (WTO).
Flexibility is critical to ensure that the Bali package, which includes an agreement on Trade Facilitation, is concluded at the earliest and a balanced package is firmed up, according to Deep Kapuria leader of the CII delegation to the Ministerial meeting. A good trade facilitation agreement can help business globally, Mr. Kapuria said. However, with some developed countries holding back on fully addressing an issue that impacts the world’s poor we should not end up losing a good deal at Bali, he said.
Indian industry supports an ambitious but balanced Bali package and is represented by 10-member delegation from Confederation of Indian Industry. Deep Kapuria, Chairman of SME Council, CII and Chairman of Hi-Tech Group of Companies is leading the delegation. The other members of the business delegation include senior representatives from TATA Group, Aditya Birla Group and Maruti Udyog Limited among others representing some significant sectors from India.
“A balanced and ambitious trade facilitation agreement at Bali needs to be supported by an effective post-Bali agenda that will help companies in India play a bigger role in global value chains”, said Kapuria. For years companies from majority of developing countries have been struggling to get integrated into the global value chain.
“Since developed countries have hard sold this issue of Trade Facilitation on the pre-text of helping developing countries to integrate into global value chain, they also must acknowledge that improving Trade Facilitation infrastructure alone will not help to achieve this mission. Equally important is to ensure free flow of technology and movement of professionals”, Kapuria emphasised.
WTO DG Roberto Azevêdo in his briefing to media said that there has been a near consensus on Trade Facilitation Text, except on few issues under section-I. According to him Section-II, which largely contains provisions for Special & Differential Treatment to developing countries is a done deal.