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Nepal actively participating in WTO ministerial meeting

Nepal is actively participating in all meetings and plenary of the ongoing sixth ministerial meeting of the World Trade Organization (WTO) underway in Hong Kong.

Nepal is participating in the meeting for the first time as member of WTO.

Rajendra Khetan, one of the members of the Nepalese delegation informed Nepalnews from Hong Kong that Nepal’s ambassador to WTO Geneva, Gyan Chandra Acharya, participated at the meeting of land locked countries.

“Nepal is raising its concern as Least Developed Country (LCD) everywhere, with the need to develop its capacity and assistance required for her, participating as a willing partner of globalization,” Khetan added.

Nepal also participated on two different issues of Non Agriculture Market Access and development agenda. Nepal's other major concern is trade facilitation and extension of market access to LDCs’ for quota free access to garments, he added.

Disagreement between the US and European Union dominated the second day of global trade talks.

The US renewed calls for the EU to make extra concessions on agriculture, but the EU reiterated that farming is just one factor in the negotiations, according to agency reports.

Meanwhile, the bloc of poorest countries and the G20 grouping of middle-sized developing economies have joined together at Hong Kong to renew their call for deeper cuts in the subsidies paid to farmers in wealthy nations in the US, the EU and Japan. nepalnews.com pb Dec 15 05