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



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