Thursday,
October 10, 2002, Chandigarh, India
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Vajpayee asks EU to share prosperity with Third World
Copenhagen, October 9 The Prime Minister also warned this rich grouping of nations that the dismantling of high agricultural subsidies would greatly harm the growth prospects of developing countries. The withdrawal of subsidies is on top of the agenda of the EU and is a touchy topic with socialist economies of the EU. The Prime Minster said the major challenges before the international community were poverty alleviation and sustainable development. India was working towards these goals in a comprehensive manner and the result, he said, was that in the first quarter of this fiscal year India’s economic growth had been over 6 per cent. The 15-member EU is India’s largest trading partner and the biggest source of foreign direct investment. It is also a major contributor of developmental aid to India and in this regard, the Prime Minister’s statement on even and sustainable development is significant. The Confederation of Indian Industry (CII) which is one of the sponsors of the third India-EU business summit, has identified nine specific sectors for bilateral trade and investment flows between India and Europe. These include advertising biotechnology, entertainment, environmental products and services, education, financial services, health services, information technology and Rand D and design. Small and medium enterprises constitute the backbone of the EU economy and so also of India, and the CII has identified this commonality as a meeting ground for greater integration. Foreign Secretary Kanwal Sibal on board the Prime
The Foreign Secretary said the Joint Working Group on terrorism had made progress towards fighting international terrorism. On being asked whether the Prime Minister would take up the issue of extradition of Abu Salem from Portugal, the Foreign Secretary replied that the issue was being tackled on a government-to-government level with Portugal and would not come up at the EU meeting. The Foreign Secretary said India would have to work with the legal system of Portugal and then take steps accordingly. Even in the EU, he said, many member nations did not see eye to eye on political issues. Hence, there might not be prudence in bringing up the Salem issue at the summit meeting. Significantly, the Prime Minister did not dwell too much on the issue of terrorism and made just a passing remark on cross-border terrorism. He did not mention Pakistan in his speech whereas just a day earlier he had dwelt at length on this issue in Cyprus. The Prime Minister said the fact that India had managed a healthy economic growth level despite what he called “relentless and sustained terrorism in parts of or country masterminded from across our borders and designed to create political turbulence and economic disruption and social disharmony” was indeed noteworthy. The Prime Minister’s address is the concluding part of the three-day India-EU business summit.
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