1. WTO: Where do we go from Hong Kong Lecture by: Shri G. K. Pillai, Additional Secretary, Department of Commerce Jointly organised by HCM RIPA & CUTS International Monday, 2 nd January 2006 At B. S. Mehta, Auditorium, Jaipur

2. WORLD TRADE ORGANISATION 150 Members Another 12 awaiting membership

3. BASIC PRINCIPLES M F N National Treatment Consensus Dispute Settlement Ministerial Meetings

4. AGREEMENT ON AGRICULTURE Heavily loaded against developing countries Legitimised subsidies Distorted Trade Institutionalised Boxes Fudging of figures Peace Clause

5. TRADE DISTORTING SUPPORT A M S De Minimus Blue Box Green Box – No reduction

6. DOHA WORK PROGRAMME Elimination of Export Subsidies Substantial Reduction in Trade Distorting Support

7. DOMESTIC SUPPORT Agreement on 3 Bands EU – Highest Band USA/Japan – Second Band Other Developed Countries – Third Band Cuts 70% - EU 53% - US 83% and 70% - G-20

8. MARKET ACCESS USA Bands >60% 40-60% 20-40% 0-20% Cuts 90% 80% 70% 60% EU>90% 60-90% 30-60% 0-30% 60% 50% 40% 30% with pivot G-20>75% 50-75% 20-50% 0-20% 75% 65% 55% 45%

9. NAMA Swiss formula with coefficients Para 8 Flexibility Treatment of Unbound Tariffs 100% Binding Sectorals - Non Mandatory

10. SERVICES Request offer – Main Mode Framework as per Annex C Plurilateral Negotiations - 28 February Request Final Offers by 31 July 2006