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