Prime Minister Vajpayee and his team are seeking greater access to the food markets of developed countries like the US in the forthcoming Cancun ministerial summit of the World Trade Organisation (WTO).
The underlying belief is that free trade will open up new markets for the farmers of developing countries, lead to an increase in the prices of their produce and bring prosperity.
The hard reality, on the other hand, is that global prices of major agricultural produce
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper