Ad Here  
Readers' Mail Welcome GST TN accounts for the largest recruits by the IT sector Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated F C Kohli - his concerns all embracing The few handicaps... Tribute – UCAL Selvan… Making ‘my Amaravati’... A rich pool of talent not utilised…. Contrarian cousins Waning interest in public discussions… For whom the MIDS bell tolls? GNS - 100: our first subscriber Lalu’s envy, India’s pride The rise and rise of KCP Return to king coal for urea... WTO Meet: resolved to meet again The power-full Hindujas Another Indian music maestro at the UN When the President was rendered homeless… Plummeting profits of PSBs Medical costs hit the roof... Where a state respects its litterateurs… Kulandai was a giant Put expensive assets created to use... The Jan Dhan bonanza Things happen by accident and not by design... A welcome initiative by the judiciary Build close rapport with business leaders West Bengal: mindless malignancy Multi-faceted Venkat New IT products of Ramco in the pipeline… Secularism and anti-Hinduism Tribute More Shakti to resource mobilisation... Insurance companies bleeding, yet no decision on increasing FDI limit! CRS, a jewel among managers, is no more. Don’t seem to feel the pulse… EEC at the National Media Centre Fall in crude prices help in oil sector reform The sea- saw battle continues... Preserving for the future PC’s preference for professionals Godspeed, Chief Minister JJ TN – agglomerate land holdings without alienating ownership How Air-India loses customs... Of course, Gujarat is vibrant Gas is the way forward Wise Presidents London, London Narayan Not just in-laws (and outlaws); they’ve renowned academics at the helm! Whistle-Stop Tour of Raghuram Rajan A proud Madrasi TIAM turns a full cycle Intellectual of rare qualities Naidu’s return augurs well for Seemandhra The Gulf aviation boom He continues the focus on social amelioration Fortune 500 review R Sridhar steps down as CEO of Shriram Capital He saved millions from starvation... Valli, they are more marginalised TN-leverage strength of BHEL, NLC... An enemy’s enemy is a friend Paytm karo... Parliament in paralysis... Rs.1600 crore paper board plant of TNPL Breaththrough in malaria control Naidu will soon build a new Hyderabad Rahman at CIC Fuel for thought Shanti and Sadhana through Music Moily’s bold thrust Delhi is distant Airlines in India: cost and space Welcome changes that testify to Jayalalithaa’s return to health MHC should not return to its old indisciplined ways Delhi Chalo... Delhi is distant… Alexa – Talking Wikipedia More heat than light Revive development banks... Boy, can you beat these? The why of tax incentives Make standards certification mandatory... Maximising the micro pricing … Road development slows down Solar thermal shines… EVM is tamper-proof Limit foreign borrowings to hi-tech, export potential projects... GM Technology at last! Strengthen the base... An informal presentation - analytical, forward locking... The ‘Ayyo-yes’ is no more Streamlining mandatory third party cover Tax agriculture Focus on quality of power - its only around 170-180V …and of a popular trade leader Building loyalty through the stomach Dr C Rangarajan returns to Chennai The Ports’ Pasha expands into Tamil Nadu Why land prices zoom in TN? Five star activism stalls development activity L&T- the specialty of special purpose vehicles Diamond jubilee of Egmore Samskrt School No Maha Koottani in TN... When nations steal growth from one another… Why this malaise in medical education? Shale gas and its shallow future Solar, solar everywhere … A C Muthiah – his munificent bequeaths to science Sri Lanka votes for change A Grand Finale for SN’s MS centenary at the US… Discoms deserve better… Demise of a media baron... Come elections, come advertisements... CIPET hqrs to stay at Guindy – for the present? Welcome thrust on trade in Modi’s foreign visits... A Grand Finale for SN’s MS centenary at the US… Marketing expert Balagopal is no more The star of Spencers is no more Sweet news for TN sugar mills Tribute – Manikam Ramaswami When online building permits work…. Quality silica from Neyveli Should we change the official year? Infrastructure funding – lessons learnt Modi and the lady Roaring Ro-Ro facility PPP mode for upgrading Corporation Hospitals Mu Sigma – is no more Align crops to agro climate endowments… Auto components surge… The Swadeshi Trump IAS invades NDDB... Permanent secretariat for TN GIM Bihar – Nitish Kumar adopts the Lalu model Air Asia India will set new benchmarks for budget travel Funding the un-funded IPL type auction for VCs? Delhi returns to BJP Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai Colour-Chem’s colourful KRVS Shipping woes of Chennai companies Polls and promises Like Hinduism: many paths to reach God... The nuclear option Increasing non co-operation of state leaders Cement prices continue to rise… Measuring roof tops in terms of KW/MW A glass full of corruption The ‘Jayanthi Tax.’ For whom the bell tolls? Silver Years of Madras Musings Remembering Indira Sivasailam... Excel Generators provide the vital back-up IPL - no surprise this scam Adharma of opposition politics No engine for this car CII projects higher growth… Small units prefers to remain small... Wanted: a second airport for Chennai Liberal imports idling indigenous capacities Where is Rajaji? Engineering seats go abegging S Ramanathan – a versatile musician, musicologist The brown list of Venkitaramanan Telangana in top gear… Scientists urged to take up farmer-oriented research B H Kothari - a tribute A friendly business group Tihar, Puzhal not different from Parappana Agrahara Mersal magnified TGS- The king storyteller Lesson from Chandrababu Naidu Fortune for Indian Airlines Muffled voices for merit… to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines China invests in India There was flood of milk. Reason: no milk commissioner! Gay abandon in pricing When small is no larger beautiful.. Music happens Banning booze... Towards speedy justice Pharma – overdose of copying S V Raju – a ‘good’ true liberal More Shakthi to Das’ elbow Padma Bhushan for A Ramakrishna Protest masters... Poor representation for Kerala and TN in Cabinet This scant respect for Law A yen for wastage… A more liberated TN… Cleaning Ganga – relocate tanneries and install electric crematoria More tributes to GR All eyes on Sankara Nethralaya Revving up the manufacturing sector Recognition to role of NBFCs.... Reliance’s TV – 18 ready to launch Tamil News Channel TELANGANA at last…BUT Convulsions in The Hindu Poor quality of university VCs Kinetic Karnataka Tatas moving out of urea production... ONGC at KG Basin Vibrant Gujarat When Ratan Tata visited SRM Land reclamation from sea appears cheaper! Tough task taking states together Noble nonagenarians... Editor's Notes Kudos to NDTV... Online not in line with brick and mortar businesses... Odisha: spectacular win by Naveen Patnaik When TN politicians can emulate Kerala's Tatas moving out of urea production... An inexplicable neglect Nuclear power at the nucleus Cutting the nose to spite the face Sweeter prospects for sugar Eternal support for capitalisation of PS banks L&T: focus on infrastructure and more infrastructure… A think tank for Chennai Which side are you, Montek? Modi storms Silicon Valley Haul over the coal Quality education through the PPP mode CSR and CMI: promise of another Srinivasan Ramanujan... The rise and fall of Annamalai University No mega rail project for Tamil Nadu SoA @ 80 Bihar elections - the Rajaji formula worked Robber barons everywhere Inflation: are we emulating Argentina and Brazil? Welcome focus on core competence Tribute – M V Murugappan Computation of GDP – conundrums continue A professional at the helm of IRDA... Russi Mody – a tribute The balancing act Adapt Vajpayee dinner diplomacy Editor's Says Shaming of Tamils by Tamil farmers at Delhi
WTO Meet: resolved to meet again

With the visible distaste of US President Donald Trump of multilateral institutions, it is becoming increasingly difficult to build consensus on global issues. The US has decided to withdraw from the UNESCO and resile on the Paris agreement on climate. The recent one relates to a combative approach to trade issues at the WTO.

The change in US stance to look inward and at national concerns is in contrast to the spirit  with which the US helped form and support several multilateral institutions in the aftermath of the Second World War. Remember the US’ magnanimity in aiding the reconstruction of post-war Europe as also the upliftment of numerous developing countries through bilateral and multilateral aid?

While multilateral trade has got stuck at the different meets since 2000, the impact has been increasingly severe post the 2008 economic slowdown. Europe is still regaining its past growth momentum and does not seem to be enthusiastic in appreciating the special requirements of developing countries like India to tackle poverty alleviation.

It is in this background, the stalemate at the recent ministerial conference of WTO at  Buenos Aires should be viewed. The divide was pronounced in regard to farm subsidies. Agriculture in developed countries has been sustained by such hefty subsidies, estimated to cost $160 billion. Developing countries have been arguing the case for a vast reduction in such subsidies to ensure fair international trade practices. This remains unheeded.

On the contrary, developed countries have been demanding the elimination of subsidies extended by developing countries to their poor and needy sections to maintain buffer stocks of food to tackle abject poverty.

Representing India, Commerce and Industry Minister Suresh Prabhu pointed to 800 million of global people going to bed hungry and under-nourished. Along with his Chinese counterpart, he sought a permanent solution for the subsidies involved in public stock-holding to ensure food security.

Sadly, both the stances remained irreconcilable.  So, the only resolution was to resolve to meet again two years hence.

Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236