WTO Impasse Over, India's Food Security Concerns Taken on Board
By
siliconindia | Monday, 30 November -1, 05:30:00 AM IST
NEW DELHI: After months-long deadlock, the World Trade Organisation approved a framework for a global pact to ease customs norms after accepting India's demand to remove constraints on food stockpiling.
The approval comes days after the impasse between the US and India over food stockpiling was resolved through direct contact between US President Barack Obama and Prime Minister Narendra Modi on November 13.
This is the first major pact reached by WTO members since the multilateral trade body came into existence in 1995.