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1 Uncorrected/ Not for publication- 08.12.2009 SSS-AKG/11.00/1A ...

1 Uncorrected/ Not for publication- 08.12.2009 SSS-AKG/11.00/1A ...

1 Uncorrected/ Not for publication- 08.12.2009 SSS-AKG/11.00/1A ...

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114<strong>Uncorrected</strong>/ <strong>Not</strong> <strong>for</strong> <strong>publication</strong>- <strong>08.12.2009</strong>keep in mind the situation that is prevailing today. In Hindi, we say, Sir,"ˆ»ÖüÖ “ÖÖê¸ü ÛúÖêŸÖ¾ÖÖ»Ö ÛúÖê ›üÖÑêü…"-MKS-TMV-SCH/2D/1.25(2›üß/üß‹´Ö¾Öß ¯Ö¸ü •ÖÖ¸üß)SHRI RAHUL BAJAJ (CONTD.): Climate change is very similar, except<strong>for</strong> the last night announcement by the US which has to be studied.Similar is the case with the WTO. For years and, in fact, <strong>for</strong> decades,we in the developing world were preached the benefits of free trade.Now those very countries, and I talk especially of the US but it appliesto all developed countries, do not want to even practise fair trade, leavealone free trade. We will protect our farmers; we will give legitimateprotection to our industry, etc. But while negotiating, we recognise thatit is a question of give and take. Till now even under the Swiss <strong>for</strong>mula,which was referred to -- you wouldn't go into those co-efficients thatthere are three alternatives depending on what kind of freedom that youwant -- I believe we have already given more than we should. Whetheryou can plough back some of them depends on the Minister. That isone of my questions. Will you be able to plough back? It is difficult. Iwant to emphasise that we from the Indian industry have already givenan MoU. It applies to the bound rates. But, as Mr. Arun Jaitely hasstated, first, we would like to know whether the reduction, whether thepercentage reduction, that India and developing countries will make ismuch more than what the US will make. We were higher, but we areno longer that higher. How many of our reduced bound rates will gobelow the applied rates?

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