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Presented by:
(35)Sonal Darra
(157)Sakshi Mishra
(111)Rishabh Mehra
(171)Astha Bansal
(17)Shoubhik DasGupta
(167)Tarun Goel
The World Trade Organization (WTO) has often been
different levels of economic activity, and one of the most powerful weapons
defend the interests of a developed country, with the result that the developing
m Apart from that, developed countries use pressure tactics, for example, political
The first Ministerial Conference of the World Trade
Organization,1996.
m uowever, a group of delegations met in secret, and drafted the
ministerial declaration
m The rest of the delegations did not even know where they met.
a a a
m The Second WTO Ministerial Conference was held in Geneva, Switzerland
between 18 and 20 May 1998.
m A week before the meeting, delegates admitted failure to agree on the
agenda and the presence of deep disagreements with developing
countries.
m Their arms were being twisted until only Mexico and Pakistan were
left opposing.
a
m The first thing that the developed countries did was to break the
gentleman͛s agreement arrived at when the WTO was being
created.
m The Developing countries put forward dozens of proposals to resolve the
'problems of implementation' of the WTO agreements, including changing
some of the rules. But most of their demands were dismissed by the major
powers.
m Many of the African delegations were the targets of manipulation by the
powerful countries at the Seattle Conference.
m The delegations had joined one or another of the five working groups
which were composed as the official engine rooms of the negotiations.
m at was then that the African and other developing-country delegates ran
into a wall of well-prepared manipulation.
a
a
a
m When some of the other major developing countries 'refused' to pay a price to enable
the Cairns Group of agricultural exporters and the US to gain concessions from the EC
m When developing nations refused to be cowed - by some of the street protests and by
the US administration - and said 'no' to labour and environmental standards being
AGENDAS:
countries
produced goods
Ë
(South Asian delegate)
a
AUSTRALaA MEXaCO
BRAZaL RUSSaA
CANADA SAUDa ARABaA
CuaNA SOUTu AFRaCA
FRANCE REPUBLaC OF KOREA
GERMANY TURKEY
aNDaA UNaTED KaNGDOM
aNDONESaA UNaTED STATES OF AMERaCA
aTALY EUROPEAN UNaON
a
m 1999-2001 Canada
m
m 2003 Mexico
m 2004 Germany
m 2005 China
m 2006 Australia
m 2007 South Africa
m 2008 Brazil
m 2009 United Kingdom
m 2010 Republic of Korea
a
m Despite the equal status accorded to each member, the
unspoken assumption was that the G20's richer members
would solve the economic problems falling into the group's
lap and the remaining ͚emerging͛ members would cause
them.
m The
anointed Dr Reddy ͚exactly the right
man in the right job at the right time͛.
a a
aa
m The Reserve Bank's governor joins andia's financial
regulator and its finance minister on the new Financial
Stability Board (FSB), an international body that has
replaced the more exclusive Forum that preceded it.
year from the ADB and $2.2 billion from its Washington sibling.
m The crisis showed that andia could not insulate itself from
financial instability in the West, as it had insulated itself
from the Asian financial crisis ten years before.
m andia also pushed hard for the extra funds pledged to the
multilateral development banks (MDBs).
a a
m The bulk of andia's politicians, press and activists have traditionally
entanglements.
to the wider reforms its donors deemed necessary and the aid was
slow to arrive.
a
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