US disappointed at India's stance at WTO: Envoy

Tags: News
India's refusal to ratify the trade facilitation agreement at WTO was disappointing, a US envoy to India said today.

"My country and all other countries in the WTO framework were disappointed as India made a changed stance in July last," said Stephens, Charge d'Affaires ad interim to India, at an informal interaction with reporters here.

She said had India agreed to the new global customs rules, then it could have been an enormous step for trade facilitation for smaller countries as well.

Taking a tough stance, India last month refused to sign the trade facilitation pact at WTO demanding a permanent solution to issues of food stock holding and subsidies.

"I hope India can play a pro-active role in the multilateral WTO forum not only for other nations, but also for its own interest as well", Stephens, who took over charge after the resignation of Ambassador Nancy Powell, said.

"We expected the protocol to go through, but for India, it did not," Stephens said.

EDITORIAL OF THE DAY

  • Demonetisation is going to test PSU banks and their claims of efficiency

    FOR years, attempts have been made at consolidation in the public sector banks space, without much success.

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

<b>Disequilibrium:</b> The Looking glass war

In the looking glass war, where bitter adversaries - Ratan ...

Urs Schoettli

japan’s trump card

Like most, the Japanese, too, were surprised by the election ...

Rajgopal Nidamboor

Soul consciousness and reason

The soul, in the philosophical writings of ancient Greece, has ...