On the Doha Round of talks at WTO, the Minister said: “We cannot have a Development Round without an outcome which provides full comfort to the livelihood and food security concerns of the poor in the developing countries. These are too vital to be the subject of trade-offs. There cannot be a one size fits all approach. While developing countries have aspirations of moving from poverty to a semblance of the prosperity enjoyed by common people in countries of the North, the developed countries, quite validly have expectations from the rest of the WTO membership. The challenge that we have to grapple with is how to reconcile the legitimate aspirations of some with the understandable expectations of others. The key to finding this convergence would also be, I presume, the key to finding the convergence between globalisation and social justice”.

The current global economic crisis, which has impacted our country with a liquidity crunch that has threatened our pace of growth, calls for a response from Governments for a stimulus to demand.