'Poor countries being ignored in economic crisis'October 2nd, 2009 GENEVA - The global community needs to urgently address the marginalisation of the world's poorest countries while discussing ways out of the economic meltdown, says Ujal Singh Bhatia, India's ambassador to the World Trade Organisation (WTO). Marginalisation of low income economies in the multilateral trade policy making process and in international efforts to contain the ongoing economic crisis is an unaddressed challenge in the contemporary global dialogue, Bhatia told the just-ended WTO public forum here.
Elite G-7 to be replaced by G-20September 25th, 2009 PITTSBURGH - World leaders have announced that the elite club of developed nations known as the Group 7 would be permanently replaced as a global forum for economic policy by the much broader Group of 20, which includes China, Brazil, India and other fast-growing developing nations. World leaders agreed to the expansion of the G 20's role in global economic affairs during meetings on Thursday, the White House said in a statement.
G-20 made top forum for global economic policySeptember 25th, 2009 PITTSBURGH - Leaders of G-20 nations have agreed to keep working to stimulate economies and stabilise financial systems following the worst financial crisis in decades as they decided to designate the group as the premier forum for international economic cooperation. The decision to replace G-8, once elite club of rich industrial nations, with G-20 reflecting the growing economic clout of India, China, Brazil, and other fast-growing developing countries, came at the end of a two day summit of the world's 20 major economies.
G-20 reflects rise of Asia: Manmohan SinghSeptember 25th, 2009 PITTSBURGH - Prime Minister Manmohan Singh has welcomed a decision to make the Group of 20 as the premier forum for global economic decisions, saying the views of fast growing developing countries like India, China and Brazil have to be taken into account for optimum impact. "With the rise of Asia, with growth of India, China and Brazil, the economic decision-making has to take into account the views of these countries if it is to have an optimum impact," Singh said at a post-summit news conference
The prime minister said the Group of Eight, the once elite club of rich industrial nations, was "ill-equipped" to handle all global issues.
UAE, Qatar most competitive countries in Middle EastSeptember 8th, 2009 DUBAI - The Global Competitiveness Report 2009-2010 released by the World Economic Forum places the United Arab Emirates (UAE) and Qatar at the top position in the Middle East region, WAM news agency reported Tuesday. A number of countries in the Middle East are in the upper half of the rankings, led by Qatar, UAE, Saudi Arabia, Bahrain, Kuwait and Tunisia, with particular improvements noted in the Gulf states, which continue their upward trend of recent years.
Hillary Clinton to visit Africa next weekJuly 31st, 2009 PRETORIA - US Secretary of State Hillary Clinton will visit South Africa next week as part of her seven-nation tour of Africa, BuaNews Reported. Clinton will begin her tour Aug 5 when she arrives in Nairobi, the Kenyan capital, to attend the 8th US-Sub-Saharan Africa Trade and Economic Cooperation Forum (AGOA Forum).
India hasn't changed its climate policy: PMJuly 29th, 2009 NEW DELHI - India has not changed its climate policy and the declaration at the Major Economic Forum adopted at LAquila, Italy, is not a declaration of India's climate change policy, Prime Minister Manmohan Singh said here Wednesday. Replying to a debate in the Lok Sabha, Manmohan Singh said: "Nor is it a bilateral declaration between India and another country or a group of countries.
Manmohan Singh reminds the world not to forget Africa in the race for developmentJuly 15th, 2009 Sharm-el-SHEIKH - India today reminded the world that in decision-making bodies, in global economic processes and political emancipation of nations, nobody should forget that Africa is lagging behind. Speaking on the first day of the XVth Non-Aligned Movement Summit here, the Indian Prime Minister, Dr Manmohan Singh, said: "Nowhere are the challenges that humankind faces more pressing than in the continent of Africa.
China opposes US climate proposal to put tariffs on countries that do not cut emissionsJuly 2nd, 2009 China opposed to tariff plan in US climate billBEIJING — China said Thursday it opposed part of a landmark U.S. bill to cut greenhouse gas emissions, saying tariffs should not be imposed on countries that do not cut emissions.
South Korean PM says threats from climate change, economic crisis not mutually exclusiveJune 19th, 2009 SKorean PM says climate change a threat to AsiaSEOUL, South Korea — South Korean Prime Minister Han Seung-soo said Friday that Asia is at grave risk from climate change and warned that responding to the environmental threat cannot be separated from fighting the global economic crisis. "Asian countries are particularly vulnerable to the adverse impacts of climate change," Han said in a speech at the annual World Economic Forum on East Asia.
India, US to discuss bilateral investment treatyJune 16th, 2009 WASHINGTON - Ahead of a meeting with Commerce and Industry Minister Anand Sharma, the US has declared its commitment to enhancing dialogue with India on key trade policy issues, including a bilateral investment treaty. US Trade Representative Ron Kirk will discuss these issues with Sharma during a roundtable at the US-India Business Council's Synergies Summit here Wednesday.
World Economic Forum on Africa opens with calls for greater local leadershipJune 10th, 2009 World Economic Forum on Africa opensCAPE TOWN, South Africa — Africa must seize the opportunity to turn the current economic crisis to its own advantage and reshape global institutions long dominated by the West, political and business leaders said at the annual World Economic Forum on Africa. A World Economic Forum report published to coincide with Wednesday's opening of the three-day conference showed Africa again languishing at the bottom of global competitiveness rankings because of bottlenecks in infrastructure, finance and communications.
China's premier says economy is better than expectedApril 17th, 2009 China's premier sees positive changes in economyBOAO, China — China's Premier Wen Jiabao says the country's stimulus package is starting to pay off and positive changes have taken place in the economy. Speaking at a business forum, Wen said the economy is "better than expected" but warned that global economic recovery will be a "long and tortuous process."
Wen spoke Saturday at the Boao Forum, an annual gathering of government and business leaders on the southern island province of Hainan.
CII India Business Forum launched in ChinaApril 16th, 2009 NEW DELHI - The Confederation of Indian Industry (CII) Thursday launched an India Business Forum (IBF) in China, a lobby to promote bilateral trade and economic cooperation between the two countries. The IBF will act as a forum for promoting India-China trade through collective and consensual approach and will also work with the Indian embassy in Beijing and others towards 'building brand India', the CII said in a statement released here.
13th Wharton India Economic Forum to be held in PhiladelphiaMarch 14th, 2009 PHILADELPHIA - The student leadership committee of the Wharton India Economic Forum (WIEF) today announced that the 13th Wharton India Economic Forum would be held in Philadelphia on March 21. The committee invites the public to gain insights from some of the world's top business leaders including keynote speakers: Jim Rogers (billionaire Investor in the Asian Markets and Co-Founder of the Quantum Fund); Dominic Barton (named the next Global Managing Director, McKinsey and Co.); Chanda Kochhar (named the next CEO and Managing Director, ICICI Bank, India's largest private financial institution); Dr.
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