Speaking to FE, industry sources said that this time India may receive improved offers in Mode 4 of the service negotiations relating to trans-national movement of personnel from developed countries. In the services council meeting held last month, an informal discussion on new negotiating proposals on Mode 4 was held. We have to see whether these discussions actually materialise into firm proposals, a trade expert said.
India is ready to make improved offers in Mode 3 of the services negotiations which relate to commercial presence, provided it gets good offers in Mode 4 from developed countries. In the first round of offers submitted by the EU and the US, very little was offered in the area.
In a report on the February 2005 meetings of the services council by the chairman, it was pointed out that there was a change in tone in members interventions characterised by a deepening concern that the services negotiations may be heading toward a crisis.