India, US narrowing gaps on Doha Round: Nath

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Friday , May 09, 2008 at 1111 hrs trade negotiations earliest as this is a development round that would generate economic growth, economic development and alleviate poverty.

"We feel sense of urgency and the need to move ahead as expeditiously as possible," she added. Asked whether there was any progress during the talks, Nath said every meeting is a move forward. They are trying to achieve progress milestone by milestone.

"It helps to get together periodically to help crystallize those areas in which we are closer together, we have mutual interest in working together... and those areas in which we still have differences and we know we have to figure out how to bridge them."

The agricultural subsidies are a major issue with the developing countries as farmers in 30 developed countries receive support in various ways equivalent to 1.1 per cent of their GDP. It totals around USD 280 billion dollars annually.