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New Delhi : India's trade minister said he was optimistic that negotiators of a global trade pact could cover the "last mile" towards an agreement.
Kamal Nath said at a dinner conference that momentum in the trade talks had built up in the past two months. He hoped there would be a ministerial meeting in the third week of May and said there had been substantial progress in the negotiations.
All countries wanted a rules-based trading system on a multilateral basis and India needed it as much as most other countries, he said.
"I am optimistic because the momentum which is being built up in the last two months, and even the last two weeks, is heading towards it," he said.
On Thursday, Commerce Secretary Gopal K. Pillai said ministers from WTO countries were likely to meet in Geneva in the week of May 19.
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