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



Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com