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