<p>If the world leaders reach a consensus on the Doha Round, it will boost global exports by $185 billion, the Federation of Indian Chambers of Commerce and Industry (FICCI) said in a report. <br />"We urge the participating ministers to use this opportunity for readying a blueprint with timelines. This would be critical for completing the Doha talks within the present deadline of next year," FICCI president Harsh Pati Singhania said.<br /><br />The mini-ministerial meeting, scheduled for Sep 3-4, would re-engage a large number of key players after a gap of nearly nine months and inject a fresh momentum to the limping multilateral trade talks, the federation said.<br />The Doha talks began in 2001 but were stalled last year after countries disagreed on proposed tariff and subsidy cuts. <br /><br />R.V. Kanoria, chairman of the FICCI task-force on WTO issues, said: "The global economic crisis has not only made the goal of concluding Doha Round more challenging, it has also made it more imperative."<br />"Reaching a balanced multilateral agreement would bring greater, predictability, transparency and stability into global trade, which is so important in today's scenario of economic slowdown." <br /><br />Commenting on non-agricultural market access (NAMA), Singhania said sectoral tariff negotiations should remain non-mandatory. <br />FICCI further said there has to be faster and substantive developments in negotiations related to the services sector.<br /><br />Indian professionals and service providers expect significant gains from the Doha Round in terms of enhanced market access in major export destinations, it added.<br />In 2008, India's share was less than 3 percent of the $3.7-trillion global exports of commercial services, the chamber said.<br /></p>
<p>If the world leaders reach a consensus on the Doha Round, it will boost global exports by $185 billion, the Federation of Indian Chambers of Commerce and Industry (FICCI) said in a report. <br />"We urge the participating ministers to use this opportunity for readying a blueprint with timelines. This would be critical for completing the Doha talks within the present deadline of next year," FICCI president Harsh Pati Singhania said.<br /><br />The mini-ministerial meeting, scheduled for Sep 3-4, would re-engage a large number of key players after a gap of nearly nine months and inject a fresh momentum to the limping multilateral trade talks, the federation said.<br />The Doha talks began in 2001 but were stalled last year after countries disagreed on proposed tariff and subsidy cuts. <br /><br />R.V. Kanoria, chairman of the FICCI task-force on WTO issues, said: "The global economic crisis has not only made the goal of concluding Doha Round more challenging, it has also made it more imperative."<br />"Reaching a balanced multilateral agreement would bring greater, predictability, transparency and stability into global trade, which is so important in today's scenario of economic slowdown." <br /><br />Commenting on non-agricultural market access (NAMA), Singhania said sectoral tariff negotiations should remain non-mandatory. <br />FICCI further said there has to be faster and substantive developments in negotiations related to the services sector.<br /><br />Indian professionals and service providers expect significant gains from the Doha Round in terms of enhanced market access in major export destinations, it added.<br />In 2008, India's share was less than 3 percent of the $3.7-trillion global exports of commercial services, the chamber said.<br /></p>