India, China team up to fight trade rules

[dArKeR]

India and China will challenge the West's control over global trade rules with a united front at the World Trade Organisation (WTO) summit in Cancun this September.

The alliance was struck last week during their first summit meeting for a decade and could spell trouble for Europe's farmers as India has said cutting Western agriculture subsidies will be top of their agenda.

Arun Jaitley, the Indian Minister for Commerce and Industry, said on a visit to London last week: "We want to see the reduction and eventual elimination of agricultural subsidies ... as the impact distorts the market and depresses prices in developing countries."

He added that it also endangers the livelihood of poor farmers.

http://www.mg.co.za/Content/l3.asp?ao=16870

[starroute]

1. Do we need to start feeling ganged up on?

Let's see -- India and China together have, what, close to 2.5 billion people? And Western Europe and the US have maybe .6 billion?

This could get interesting, folks.