Hoping that India will assume the "leadership mantle" in the outcome at the Doha Round, the United States India Business Council has said that it remains optimistic that trade negotiators will achieve a breakthrough in this week's ministerial meeting in Geneva.
"USIBC member-companies strongly believe that if exemplary leadership is provided by India, the US, the EU, and Brazil, then securing an ambitious agreement will be possible.
"USIBC has called upon negotiators to step to the plate to successfully conclude the Doha Round at this critical juncture," the premier business advocacy group said in a statement.
"As a leader in the international economy, and a voice for the developing world, India will pave the way for the execution of a socially-responsible and commercially significant agreement that will reduce barriers to global trade and investment," it added.
India's emergence as a global power underscores the fact that its leadership must now be at the forefront of every major multilateral issue faced by governments and companies.
Indias experience with economic liberalisation supports the very goals contemplated by the Doha Round.
"India's Commerce Minister Kamal Nath has within his grasp the ability to move rapidly to deliver for his countrymen and for the world a roadmap for international trade that will generate prosperity for generations," USIBC President Ron Somers has said.
