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industry3.Thmb.jpg WTO needs to consider sentiments of SMEs

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Bikky Khosla | 22 Jul, 2008

Despite developing nations asking the developed countries to do away with trade-distorting subsidies and make steep duty cuts on products with high tariffs, all appeals seem to have fallen on deaf ears. 

And now the anti-concentration clause in the non-agricultural market access (NAMA) draft stands to hurt the small and medium enterprises (SMEs) real hard. Since flexibility is the key to protect our SMEs, the clause that restricts the scope of flexibility that can be availed by developing nations in the context of tariff cuts can make the sector vulnerable to external market realities.

SMEs, in certain sensitive sectors, are vulnerable to such tariff reductions and taking into account the sector’s contribution to the economy, the World Trade Organisation (WTO) has to ensure that such clauses are not inserted in any further revision of NAMA text.

WTO must take note of the double standards being maintained by the developed bloc. On one hand they keep accusing the developing nations of not opening up, and on the other hand they are not prepared to do away with high tariffs and subsidies.

I feel the WTO will now have to take a more active role in ensuring that the sentiments of the developing bloc are taken into consideration when the talks take place in future.

 
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yes, SMEs needs the protection of WTO
mecci | Thu Jul 24 03:27:47 2008
yeah, totally agree with "WTO needs to consider sentiments of SMEs ".at present, the SMES has been pushed into a small corner. they need to be protected. that's a helpful way for they to grow up.


wto double standards ??????
Brent from Australia | Wed Jul 23 01:05:44 2008
People in developed countries have seen massive job losses to developing countries and it is vital to a countrys' interest that it can feed itself so agriculture cannot be wiped out. This is a story that has 2 sides not just one side and hopefully each side will give a little bit year by year and everybody can enjoy a good standard of living.

  Re: wto double standards ??????
Dr Bhaskar Roy Barman | Wed Jul 23 04:55:04 2008
I agree with the view in that a country's economy sustains itself on agriculatural development.But 'High tariffs and subsidies' should be given a second thoughts.


 
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