india holds firm on blocking global customs deal
Last Updated : GMT 00:28:33
Arab Today, arab today
Arab Today, arab today

India holds firm on blocking global customs deal

Arab Today, arab today

Arab Today, arab today India holds firm on blocking global customs deal

India'a Nirmala Sitharaman addresses a press conference
New Delhi - AFP

India on Friday said it wanted "visible" signs the World Trade Organization would agree to its vast food subsidy schemes before approving a landmark global customs pact as talks went down to the wire.
Refusal by India to endorse the agreement streamlining customs procedures could derail the first big global trade reform by the WTO in two decades.
The deal must be ratified by all WTO members by July 31 and is to be implemented in mid-2015.
But Indian Commerce Minister Nirmala Sitharaman told parliament New Delhi "would find it difficult to join the consensus" unless it gets WTO assurances on freedom to roll out food security programmes for its hundreds of millions of poor.
Sitharaman's statement came as WTO members were in Geneva for what was envisioned as rubber-stamp approval of the Trade Facilitation Agreement or TFA, reached in Bali last year.
The agreement is aimed at lowering trade barriers and spurring trade between developing and developed countries and could add $1 trillion to the global economy, WTO officials say.
While there has been progress on the trade deal, other decisions on food stockpiling and other development issues "have been sidelined", Sitharaman said.
India wants "visible outcomes" demonstrating WTO members "will engage in negotiations with commitment to find a permanent solution on public stockholding", she said.
Separately, India's government in a statement late Friday said it had told fellow WTO members it lacked "trust that there will be constructive engagement on issues that impact the livelihood of a very significant part of the global population".
- Food stockpile 'peace clause' -
Prime Minister Narendra Modi's Bharatiya Janata Party government, elected in May, warned earlier this month it might not ratify the pact, citing worries about WTO acceptance of its food stockpile and subsidies programme, a hot-button political issue with many poor voters.
The WTO can approve the trade agreement by a simple majority but this would be highly unusual as it normally operates by consensus.
Under India's government stockpile programme, grain is bought from farmers at often higher-than-market rates and sold at subsidised prices to the poor.
Rich WTO member nations say food stockpiles and subsidies distort trade.
When the Bali deal was struck, WTO members agreed on a "peace clause" to allow India's food stockpile programme with no penalties until a "permanent" solution by 2017.
But since then there have been 20 meetings on the trade pact and just two on agriculture, Indian officials say.
While the European Union said in a statement failure to adopt the pact would mean loss of "a great opportunity to mobilise trade as an instrument for growth" and damage WTO credibility, Indian business leaders urged the government to stand firm.
"India must hold its ground" and developed countries "must be told in clear terms the issue of farmers' security and welfare of the poor is not negotiable", the Association of Chambers of Commerce and Industry of India said late Friday.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

india holds firm on blocking global customs deal india holds firm on blocking global customs deal

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

india holds firm on blocking global customs deal india holds firm on blocking global customs deal

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today 'Trash islands' off Central America indicate

GMT 20:19 2017 Friday ,24 November

'Trash islands' off Central America indicate
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Solaf happy for participating in “Hotline”

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday