India refuses to budge on subsidies at WTO talks

0 0
Spread the love
Read Time:44 Second
U.S. Trade Representative Michael Froman deliver his speech during the plenary session of the Ninth Ministerial Conference of the World Trade Organization (WTO) in Bali, Indonesia, Wednesday. (Photo: By Achmad Ibrahim, AP)BALI, Indonesia (AP) — Chances of a breakthrough in global trade negotiations dimmed as India refused to budge on food subsidies that are an obstacle to an eleventh hour agreement at a WTO summit.
 
U.S. Trade Representative Michael Froman on Wednesday urged the World Trade Organization's 159 member economies to work past their differences to finalize a slimmed-down deal to boost trade.
 
But Indian Trade Minister Anand Sharma left little hope for a breakthrough.
 
His government opposes a provision that could endanger subsidies for grains under an Indian policy to feed its poor.
 
The talks on Indonesia's resort island of Bali will either produce a deal that could boost global trade by $1 trillion or possibly spell the end of the WTO's relevance as a forum for negotiations after a decade of inertia.
Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Facebook Comments

Previous post Adesina Beats Dangote, Others to Win Forbes Award
Next post Hezbollah: Commander ‘assassinated’ outside Beirut home

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: