Disappointed with India's blocking WTO trade deal: US

Tags: News
The US is "very disappointed" with India's stand at the ongoing Trade Facilitation Agreement talks at the WTO but Washington continues to be optimistic about salvaging the deal within tomorrow's deadline, a top Obama administration official said here today.

"We are very disappointed that India has taken a step back from its agreements that it made in December (last) at the WTO," visiting US Commerce Secretary Penny Pritzker told PTI during an interaction here.

The comments come in wake of New Delhi's tough stand which has put a question mark on the passage of the TFA at the ongoing Geneva talks aimed at easing customs rules in the WTO's 160 member countries.

India is seeking a guarantee on food security for its hundreds of millions of poor as a pre-condition for the passage of the pact.

The agreement, drafted during a ministerial at the Indonesian resort town of Bali last December, has to be sealed by July 31.

"I am an optimist, I am hopeful that over the next couple of days there is some potential for resolution... I'm hopeful that even in the last remaining days India might find a way to come to a solution on this issue," Pritzker said.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Sebi must issue strict guidelines on research reports and stock tips by brokers

    After prescribing a corporate governance code for companies, capital market regulator, Securities and Exchange Board of India (Sebi) is drafting prude

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Roopen Roy

Myanmar must realise its importance

Myanmar is not just one of the neighbours of India. ...

Rajgopal Nidamboor

Of life, harmony and divine insight

We are all endowed with energy — something we don’t ...

Gautam Gupta

Moral policing is the need of the hour

Recently, when Deepika Padukone raised her voice against an objectionable ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture