ICC-India Wants Vajpayee To Raise WTO Issues At Evian Summit

New Delhi, May 26: | Updated: May 27 2003, 05:30am hrs
The International Chamber of Commerce (ICC)-India, representing companies such as ITC, HLL, Nestle India, Apollo Tyres, Bhel and MMTC, has urged Prime Minister Atal Bihari Vajpayee to raise multilateral trade issues at the G-8 summit which are vital for the developing countries, and stressed on the need to have multilateral cooperation in the reconstruction of Iraq.

In a letter to Mr Vajpayee, chamber president Onkar S Kanwar said, we from the International Chamber of Commerce--India, while reiterating our commitment to the successful conclusion of multilateral trade negotiations, have emphasised the concerns of the developing countries on implementation issues, greater market access for products from the developing countries and non-inclusion of investment issues at the multilateral trade negotiations.

Mr Vajpayee has been invited for the Evian summit scheduled to be held from June 1-3. Mr Kanwar has told FE that Iraq is one of the important global issues.

Now that the war in Iraq is over, we urge the governments to put their divisions behind them and commit themselves to renewed multilateral cooperation for the vital purposes of rebuilding business and consumer confidence and reinvigorating a global economy.

Stating that re-building of Iraq must be a priority, he said all countries must join hands in the process.

Mr Kanwar has also forwarded a joint statement of six global business organisations to the Prime Minister, which has urged the G-8 leaders to make the Doha development agenda a success.

We reject the pessimism and skepticism expressed in recent months about the prospects for a key mid-term meeting in Cancun, and for concluding a successful negotiation by the 2005 target date.

None of the various issues on the World Trade Organisation agenda presents an insuperable conceptual challenge. The promise of the Doha development agenda can still be achieved, says the statement.

The joint statement has been signed by European Round Table of Industrialists chairman and ThyssenKrupp chairman Gerhard Cromme, Business Round Table chairman and International Paper Company chief executive officer (CEO) John T Dillon, ICC chairman and Vivendi Universal CEO Jean-Rene Fourtou, Canadian council of chief executives chairman and Suncor Energy Inc president Richard L George, Nippon Keidanren chairman and Toyota Motor Corporation chairman of the board Okuda Hiroshi, and UNICE president and UCB SA president of executive committee George Jacobs.

Addressing the leaders who will be attending the G-8 summit, the statement says, we are counting on your leadership to make sure that the World Trade Organisaton negotiations advance on schedule and you can count on our support to help achieve that goal.