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Singh bats for free trade accord

Expresses hope that Doha Round can succeed

By Betwa Sharma
Posted On Tuesday, November 24, 2009 at 03:58:46 PM

Washington: Prime Minister Manmohan Singh today said India is open to discussions on a free trade pact with the US on the lines of the agreement New Delhi already has with the 10-nation South East Asian bloc.
 
"I don't mind exploring the possibility for a free trade agreement with the US," Singh, who is on a four-day state- visit to the US, said during an interaction with the council on foreign relations, a think tank.
 
The Prime Minister, however, said India's "first preference" was a fair and equitable multilateral trading agreement, and expressed "hope" that the Doha Round can succeed.
 
Calling for "reduced role for trade distortions represented by tariffs and non-tariff barriers," the Prime Minister stated, "I sincerely hope that the Doha Round can succeed."
 
The Doha Round of talks on a global trade deal have been stalled for last eight years now on differences over farm subsidies, lowering of tariff on industrial goods and protection to farmers in developing countries. (PTI)


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