[World News]: London, Feb 4 : India's Finance Minister P. Chidambaram hit out at the world's richest nations saying they are in "total violation" of their WTO obligations, a transgression that was denying other countries the benefits of globalisation.
Addressing a meeting of investors and academics at London's Guildhall Thursday, Chidambaram said: "The developed countries, through their agricultural subsidies, have kept prices at such a level that we are not able to export our farm produce."
"The developed countries haven't kept up their obligations on this. This is a total violation of WTO obligations," said Chidambaram, who is in London to address a major international conference, Advancing Enterprise 2005, Friday.
The conference will be held alongside the annual meeting of the finance ministers of the Group of Seven industrialised nations.
http://news.newkerala.com/world-news/?action=fullnews&id=68382
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