India and China will work together for a successful development outcome of the current Doha Round of multilateral trade negotiations of the World Trade Organisation (WTO).
This is indicated in a joint statement by Mr. Bo Xilai, Chinese Commerce Minister, and Shri Kamal Nath, Union Minister of Commerce & Industry, which was released in Mumbai.
The full text of the joint statement issued by the two Ministers is given below:
“Chinese Commerce Minister, Mr. Bo Xilai, and Commerce & Industry Minister, Shri Kamal Nath, have called for an early substantive resumption of and successful conclusion to the Doha Round of multilateral trade negotiations.”
“The Ministers stated that there was a lot at stake for the developing countries, especially so as this was a Development Round. Failure just cannot be countenanced.“
“Both Ministers observed that inflexible stances had led to the suspension of the talks in July 2006. Flexibilities must be displayed before negotiations resume ensuring that success does not remain elusive."
"The Ministers resolved that they were willing to engage constructively with other trading partners to ensure a successful conclusion to the Round."
"The outcome must expand trade opportunities for all; but it must also achieve development objectives and safeguard crucial developing country interests such as livelihood security which are the avowed objectives of the Round”.
Press Information Bureau Government of India
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