Trade Facilitation

Modi scuttling WTO deal was right, but he has to fix many things back home quickly

The point of stalling the WTO's TFA deal makes sense only if Modi starts cracking on reforms back home. TFA benefits net exports, and India is far from being one.

India stands ground on food security, blocks WTO trade reforms

WTO ministers had already agreed the global reform of customs procedures known as "trade facilitation" last December, but it needed to be put into the WTO rule book by 31 July.

UPA almost fails India at WTO, but rescues itself thanks to others

The “peace clause”, if agreed to, will restrict the implementation of India’s Food Security Act for four years, beyond which it will be considered as a violation of the subsidy limits of the WTO, while “trade facilitation” will ensure that developed countries have an upper hand while trading with developing countries.

India says no to WTO agreement on IT, environment

Rich nations, including the US, want India and other emerging economies to be part of the four major sectoral pacts - trade facilitation (TF), information technology (IT), environmental goods and international services agreement.