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An informal Ministerial meeting of some Members of the World Trade Organisation (WTO) was held in Davos on 29 January 2011, on the sidelines of the World Economic Forum. Ministers agreed, inter alia, on the need to work with higher intensity and to accelerate the negotiations in order to complete the Doha Round of trade negotiations in 2011. They agreed that gaps in positions needed to be bridged and divergences drastically reduced in order to have an overall agreement on a package by July 2011. They also agreed that those who were asking for more in the negotiations should be ready to pay more.
In a separate meeting, the Ministers of India, Brazil, South Africa and China noted that any effort to finalise the Round should not lead to re-opening of stabilized texts which were based on conscious trade-offs, nor should it be premised on new and disproportionate concessions from ‘advanced emerging nations’, ignoring the Doha mandate.
Negotiations have intensified in the WTO in accordance with a Work Programme agreed amongst WTO members to complete the Round in 2011.
This information was given by Shri Jyotiraditya M Scindia, Minister of State for Commerce and Industry
