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Poor countries being ignored in
economic crisis
Thai Indian, October 02, 2009
The global community needs to
urgently address the marginalisation of the world’s poorest
countries while discussing ways out of the economic meltdown,
says Ujal Singh Bhatia, India’s ambassador to the World Trade
Organisation (WTO).
“Marginalisation of low income
economies in the multilateral trade policy making process and
in international efforts to contain the ongoing economic
crisis is an unaddressed challenge in the contemporary global
dialogue,” Bhatia told the just-ended WTO public forum here.
He said the participation of least
developed countries (LDCs) at the national, regional and
multilateral levels is critical for reaping the full benefits
of trade liberalisation — the aim of the stalled Doha Round of
world trade talks.
Bhatia was moderating a session
titled “New and Old Challenges to Inclusiveness in a
Recessionary Global Economic System” hosted by CUTS
International — an India-headquartered international NGO and
thinktank — in collaboration with the Commonwealth
Secretariat.
Matern Yakobo Lumbanga, Tanzania’s
ambassador and coordinator of the LDC group in WTO, told the
Sep 28-30 forum there was a need to remove “supply side
bottlenecks” in developing countries through well-planned
long-term investments rather than relying on aid.
The news item
can be viewed at:
http://www.thaindian.com/
http://www.samaylive.com/
http://sify.com/
http://www.newkerala.com/
http://www.sindhtoday.net/
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