The recipe customized in varying ways by Hong Kong, Singapore, South Korea, Taiwan and China has produced the most potent engine the world has ever known for generating economic growth. It has helped lift hundreds of millions of people out of poverty, create jobs and raise standards of living.
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India will secure the interests of its poor fisherpeople at the upcoming WTO ministerial conference. New Delhi proposes allowing developing countries to give subsidies to their fisherpeople in their exclusive economic zone. India emphasizes polluter-pays and differentiated responsibility principles. India opposes the developed countries proposal for top subsidisers to notify the WTO of new subsidy programs. India will push for the WTO s two-tier dispute resolution system and restoration of the independent nature of the dispute settlement body.