Disappointment, uncertainty after India blocks WTO trade deal


  • World
  • Friday, 01 Aug 2014

SYDNEY/GENEVA (Reuters) - Several member states of the World Trade Organisation voiced frustration after India's demands for concessions on agricultural stockpiling led to the collapse of the first major global trade reform pact in two decades.

WTO ministers had already agreed the global reform of customs procedures known as "trade facilitation" in Bali, Indonesia, last December, but were unable to overcome last minute Indian objections and get it into the WTO rule book by the July 31 deadline.

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