Where the greatest distortions lie

Accommodate concerns of poor nations: Kamal Nath "Opening up markets must take into account social and economic realities" The Hindu Sunday, Jul 02, 2006

Geneva: As the World Trade Organisation talks collapsed here on Saturday, Commerce Minister Kamal Nath said the most substantial results must be achieved in the areas where the greatest distortions lie, in particular trade distorting subsidies that displace developing country products, threaten the livelihoods of hundreds of millions of poor farmers and which have been prohibited for industrial goods for several decades. "Market access will be an important component of a successful round but market opening in developing countries must take into account their social and economic realities,'' he said in a statement.