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In recent years, thanks to a tentative liberalisation policy, the country has come to depend more on the global economy than before.
Many groups want the talks to fail because they claim WTO liberalisation policy destroys their livelihoods by opening up markets too quickly.
If the liberalisation policy succeeds in attracting foreign investment, the services surplus is likely to expand.More licences for foreign financial-sector firmsMeasures to liberalise the financial sector have proved to be less controversial than the decision to scrap the bumiputera equity rule.
Part of this agreement includes a visa liberalisation policy whereby short-term, visa-free travel within the Schengen area will be granted to citizens of those countries.
In an unexceptional report warning that India could be the first Bric nation to lose its investment grade status, the agency's economists say Mr Singh "often appears to have limited ability to influence his cabinet colleagues and proceed with the liberalisation policy he favours".
The fact that strong anti-American arguments had to be used at numerous points of the Read report as an excuse for the liberalisation policy again illustrates the extent to which the interests of private industry have dictated the text.
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He says many countries are still being urged to adopt a discredited package of privatisation and liberalisation policies.
However, this would be dependent on the implementation of liberalisation policies as set out in the Yamoussoukro Decision.
Contrary to the most widespread policy claims, the innovation-boosting effects of liberalisation policies at the leading edge are systematically not supported by the data.
Three separate studies in India have concluded that liberalisation policies were responsible for impoverishing millions of farmers in the state and led to thousands of suicides.
The implementation of liberalisation policies and the subsequent rapid increase in the number of higher education institutions in Tanzania has raised concerns over the quality of education.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com