Government working on internal processes to ratify WTO's trade facilitation agreement
Source: PTI The government is working on internal processes to ratify WTO's trade facilitation agreement (TFA), which looks to ease Customs procedures to boost trade, a senior commerce ministry official today said. "India is fully committed to honouring its international obligations and is working on its notification commitments as well as internal processes for ratifying the agreement," the official said. Last year, India had decided not to join the consensus at WTO on TFA implementation till its concerns on implementation of public stockholding for the food security purpose were addressed. Once this was done through a decision of WTO's General Council, the highest decision-making body of the organisation, India joined the consensus on implementing TFA. TFA aims at simplifying Customs rules, ...
India, WTO working together for permanent solution on food security
Source: PTI India is working with the World Trade Organisation (WTO) members to ensure an early permanent solution on the food security issue, parliament was informed on Wednesday by Commerce and Industry Minister Nirmala Sitharaman in a written reply to the Rajya Sabha. Ending months-long deadlock, the WTO in November last year acceded to India's demand to remove constraints on the food stockpiling issue. The WTO's General Council, the highest decision making body of the organisation, had accepted India's demand for extending the peace clause till a permanent solution is found for its food stockpiling issue. This has enabled India to continue procurement and stocking of foodgrain for distribution to poor under its food security programme without attracting any kind ...
