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Mumbai:
Emerging economies Brazil , China and India are playing a "central role"
in completing the Doha Round of world trade talks as finding an acceptable conclusion
is "crucial" for both developed and developing countries alike, WTO
director-general Pascal Lamy said in Beijing. "Dealing
with domestic concerns is at the top of the list for most political leaders, particularly
dealing with the adjustment costs of trade expansion," Lamy told the 10th
International Meeting of the Economic and Social Councils and Similar Institutions.
"Countries
such as Brazil, China and India have championed the Doha Development Agenda as
the signature theme of this Round, and they are playing a central role in deciding
how it will be concluded," he said. The
political leaders of these countries understand well the role that opening up
their economies to global competition is playing in fuelling their own economic
success, he said noting, "the millions being lifted out of poverty in China
and India are a living testimony of that." "There
is no question of them abandoning their conviction, nor of them standing still
where they are today. Each has ambitious, forward-looking programmes of trade
opening and domestic economic reforms," Lamy, who is visiting China seeking
support for concluding the Doha Round, said. At
the same time, Lamy emphasised that completing the Doha Round
is crucial for both developed and developing countries because it is a fundamental
tool to control and harness globalisation and to ensure sustainable development.
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