YOUR CORN, MY JOB: WHAT’S CHEAPER?

EITHER YOU DISBAND THE WTO OR RESPECT IT’S ABILITY TO TAKE DECISIONS
When in 2005, Pascal Lamy was elected by 148 members of the World Trade Organisation to succeed Dr Supachai Panitchpakdi as Director-General, the melancholy of the failure of Doha Development Agenda didn’t even touch his dreams. His jaunty statement – We will place the interests of developing countries at the centre of the world trading system – from the speech on 26 May, 2005, clearly projects his hopes. But things got worse and the hopes faded after the Hong Kong WTO Ministerial of December 2005. The latest in the list of failures is the Geneva talks in the first week of July, 2006. The year 2001 saw the launch of the Doha Round, which was aimed at improving the trading conditions and uplifting millions of poverty-stricken people in developing countries – deadline set as the end of 2005.

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Source:- IIPM-Business and Economy,

Initiative:- Prof. Arindam Chaudhuri

INDO-SWISS RELATIONS

Though known better for Bollywood’s love for the seductive scenic beauty of the tiny country at the heart of Europe, the relationship between India & Switzerland is much more deep rooted and dates back to 1856 when the Volkaart brothers (also referred to as the Swiss East India Company) established their trading office in India. Since then, there has been no looking back. Companies like Nestlé, Novartis and Holcim have become a part of the daily life of millions of Indians. After the establishment of diplomatic relations in 1948, an Indo- Swiss Joint Commission was set up in 1959 in order to amplify economic & commercial relations. This body still contributes towards the betterment of bilateral trade.

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Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006