“India and the United States have resolved their differences in public storage of food,” Ms. Sitharaman said. “This is the way for the implementation of the WTO agreement on trade facilitation . ”
At the end of July drew Prime Minister Narendra Modi the connector on the implementation of trade facilitation agreement in Bali last year, linked to the question of poverty in rural areas of the country.
In a major victory for India, the two countries agreed to a “peace clause” indefinite for food security. This means that India will continue to receive food subsidies to its poor over four years.
India refused foreign calls bend to scale back a plan to buy wheat and rice it distributes to 850 million people. Critics have said the food storage is to pay farmers to food, which are suitable leading to food surpluses that flows on the world market is able to produce.
India wanted to keep them refrigerated goods, the World Trade Organization to send a final agreement on storage, the “peace clause” that protects their huge state. As originally designed, Bali, the clause expires in four years.
Woman Sitharaman said the new proposals would be considered by the General Council of the World Trade Organization, and expressed the hope that the agreement to remove the door to India to sign a protocol for the implementation of trade agreements.
“General Council of the WTO in India will get the proposal and the US support us,” she tweeted.
“Based on this breakthrough with India, we look forward to working with all members of the WTO and General Roberto Azevedo, a consensus that the full implementation of all elements of the monuments of Bali package, including including a trade facilitation agreement is achieving, “US trade Representative Michael Froman said Thursday.
Mr. Foreman said that India, the US company said that the agreement on the facilitation of the WTO trade should be conducted without conditions. He said that members of the WTO food safety programs under the dispute settlement procedure of the WTO in question until a permanent solution has been agreed and accepted, he said .
New Delhi blockade reversed the WTO in its worst crisis in two decades and efforts behind the scenes to break the deadlock; Senior Commerce visited Geneva for talks with key members of the WTO.