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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: India hopes for 'rainbow coalition' at trade talks AFP - Wednesday, August 19 NEW DELHI (AFP) - - India said Tuesday it hoped to create a "rainbow coalition" at a meeting of world trade ministers in New Delhi next month to help achieve a breakthrough in global trade talks. ADVERTISEMENT India expects 75 to 100 trade ministers to attend the meeting that is being held September 3-4, Commerce Secretary Rahul Khullar said. The ministers from rich and emerging nations aim to capitalise on fresh momentum in the Doha Round of trade liberalisation talks launched in the Qatari capital in 2001. The talks, to be attended by WTO Director General Pascal Lamy, would try to forge a "rainbow coalition" among members of the global trade body, Khullar, the top civil servant in India's commerce ministry, said. India wants the meeting to help bridge the gap between developing countries and nations, Khullar said. Negotiators almost clinched a deal in July last year. But the talks fell apart in a row between the United States and emerging nations -- led by India -- over ways to protect subsistence farmers from being overwhelmed by imports and the elimination of duties on some industries. Last month, world leaders agreed to wrap up the Doha talks by 2010. The ministers at the New Delhi talks would be "sending a message to the world" that they meant "serious business," Khullar told reporters. "The truth of the matter is that till you get a message from the ministers, the negotiating machinery will not get into further action," he said. The New Delhi talks are being held as a precursor for a G20 summit to be held in Pittsburgh in the United States on September 24-25. A successful conclusion to the Doha round could boost global GDP by 300 billion to 700 billion dollars annually, according to a recent study by the Washington-based Peterson Institute for International Economics. The institute said the gains would be "well balanced between the developed and developing countries." Pascal Lamy said earlier this month he would use the New Delhi gathering as a platform "to make the case that concluding this round by the end of next year will be in the interest of all." Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: China's Economy India sees 'six percent plus' growth despite droughtAFP - Wednesday, August 19 India hopes for 'rainbow coalition' at trade talksAFP - Wednesday, August 19 Craft brewers see sales up in first half of yearAP - Wednesday, August 19 Sector Snap: Analyst starts coverage of FedEx, UPSAP - Wednesday, August 19 Related Articles: Business KBR announces executives in hydrocarbons groupAP - 1 hour 56 minutes ago Adamas signs with US Navy to make flu treatmentAP - 1 hour 58 minutes ago TJX 2Q profit climbs as consumers seek bargainsAP - 2 hours 5 minutes ago Black & Decker recalls thermal coffeemakersAP - 2 hours 6 minutes ago Shares of homebuilders advance on housing startsAP - 2 hours 7 minutes ago Enlarge Photo India hopes for 'rainbow coalition' at trade talks Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed UK UFO sightings spiked when blockbusters released Michael Jackson's 51st birthday to be his burial day: father In death, as in life, Jackson surrounded by wackiness Eternal resting spot next to Marilyn Monroe to be auctioned Millions of salmon fail to turn up in Canada View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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