WASHINGTON, June 19, 2009 (AFP) – India on Thursday called on the United States, China and other powers to return to talks immediately to frame a world trade accord instead of waiting for recovery from the global economic crisis. “We live in times when the people are anxious. This economic challenge cannot be resolved by waiting and watching,” Indian Commerce Minister Anand Sharma said in Washington.
“It can also not be addressed by new barriers coming up and which will come in the way of global trade,” he said, in apparent reference to the “Buy American” and “Buy Chinese” strategies adopted by Washington and Beijing in their massive economic stimulus programs.
Sharma said that against the backdrop of the current crisis, there should not be a situation where powers such as the United States, India and China wait for each other to begin the task of kickstarting the Doha Round of global trade liberalization talks.
“No, we must not wait. We must act. Take decisions which are correct, take decisions for which coming generations will remember that these leaders had the courage and commitment,” he told a forum organized by the Peterson Institute for International Economics.
Sharma said he held talks with US President