- India is not bending down for the pressure from developed countries for easing rules on food subsidies concerns, risking a deal at the World Trade Organisation (WTO)
- The trade facilitation failure might result stall global trade reforms and deal a massive blow at the WTO, but India does not want to risk food security of millions
- Ms.Anjali Prasad, India’s ambassador to the WTO opined that to clear the trade facilitation agreement, which promises to ease clearances at ports and airports across the 160 member countries
- It’s a discouragement that a few members are ok to give up the Bali declaration even before launching an attack on a recent MoU between India and China on industrial parks
- U.S. might initiate action against India including trade sanctions
- Read at: http://epaperbeta.timesofindia.com/Article.aspx?eid=31806&articlexml=India-firm-on-food-subsidies-at-WTO-trade-26072014001003