As global leaders engage themselves to grapple with the worst economic crisis since 1929, WTO chief Pascal Lamy wants India, among other emerging economies, on board for a new financial world order.
India wants the United States to abide by a World Trade Organisation ruling in the "shortest possible time" to end an anti-dumping measure that has put a financial burden on the Indian shrimp industry.
Brazil's foreign minister said that his country is likely to press the World Trade Organisation to take action against US tariffs on ethanol imports.
World Bank Group President Robert Zoellick wants the United States, India, and China to work with WTO Director General Pascal Lamy to come up with a compromise on the Doha round of world trade talks.
Not the one to give up hope, WTO Director General Pascal Lamy is visiting India next week to find ways for picking up the threads from last month's failed trade talks in Geneva.
UN Secretary General Ban Ki-moon has voiced concern over the effects of the collapse of the Doha round on the developing and poor countries, hoping the talks resume before the end of the year.
Indian Trade Minister Kamal Nath, speaking for more than 30 developing countries, insisted that he wasn't willing to sacrifice the "livelihood of poor and subsistence farmers" for the sake of a deal.
US business groups Tuesday blamed China and India for the collapse of the WTO's Doha Round of trade negotiations, saying it was a blow to the world economy and the poor.
The meeting of the seven parties, after running on and off for about 13 hours, was suspended early Tuesday.
Japan is considering accepting many of the compromise proposals having been put on the negotiation table at the World Trade Organization for a free trade accord, trade sources said.
A group of banana-producing nations threatened to block the WTO's long-delayed global trade pact if Europe and Latin America press ahead with proposals to shake up banana import tariffs.
Trading powers stepped up their efforts to salvage the current floundering free trade talks of the WTO, with some delegates saying they are moving step by step toward a deal as time ticks away.
Ministers from the member states of the World Trade Organization meeting in Geneva over the issue of farm subsidy and non-agriculture market access, failed to achieve a breakthrough, WTO chief Pascal Lamy said on Thursday.
India and 34 other nations took hard positions before they began WTO talks for resolving differences over tariff reductions and subsidy cut to reach a Doha trade deal.
Many of the 30 trade ministers apprehend that the crucial WTO talks in Geneva may be suspended if PM Manmohan Singh's government does not survive the confidence vote in Parliament.
European Commission President José Manuel Barroso Sunday warned it could be the last chance for a global trade deal, EuAsiaNews reported.
The World Trade Organisation Thursday published revised texts intended to be the basis of negotiations when ministers meet here later this month in the hope of hammering out a long-stalled global trade deal.
Tensions between French President Nicolas Sarkozy and EU Trade Commissioner Peter Mandelson flared Tuesday over new criticism from the French leader, casting an early cloud over France's EU presidency.
The US ambassador to the World Trade Organisation on Friday voiced optimism that an international trade liberalisation deal could be reached in 2008.
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India, US agree to bridge Doha differences
Brazil, India and other developing countries say the new US farm bill will be an obstacle to global trade talks aimed at lifting millions worldwide out of poverty.
EU Trade Commissioner Peter Mandelson Tuesday urged developing countries to yield ground in crunch World Trade Organisation negotiations.
India on Thursday asked the developed countries to reduce trade distorting subsidies in agriculture so that farmers in the developing nations get motivated to grow more grain and end the global food crisis.
The World Trade Organisation on Tuesday released new negotiating texts on agriculture and industrial products, but India feels let down by not getting enough policy space to protect its farmers and nascent industries in the draft proposals for a Doha trade deal.
Unlike the previous Uruguay Round of WTO negotiations when it overlooked small details and "played into the US tricks", India will minutely examine the Doha trade deal blueprint that may emerge from parleys in the next few weeks.
Success of the Doha Round of world trade talks depends on both developed and developing nations and cannot be achieved if the livelihood of the poor is not secured, Commerce and Industry Minister Kamal Nath said on Friday.











