Commerce Minister Nirmala Sitharaman says India's stand on issue remains sameNew Delhi, July 31 India has floated a new proposal for breaking stalemate in WTO "within contours" of original proposal, which is a take-it-or-leave-it offer from its side."I don't know what's happening in Geneva. We have suggested a way of action.
The Bali deal will not collapse if there is no agreement by July 31," Commerce Secretary Rajeev Kher told the media on Thursday.WTO members had agreed in the trade ministers meet in Bali last December to agree on a trade facilitation pact by July 31. India, however, now says that it would ratify an agreement on trade facilitation only after it gets a permanent solution that would make its food security programmes non-actionable at WTO in case given caps are breached.
"Our stand at WTO remains the same," Commerce Minister Nirmala Sitharaman told the media after her meeting with US Secretary of Commerce Penny Pritzker on
Thursday.The proposed trade facilitation pact and India's food security concerns were discussed by US Secretary of State John Kerry and Finance Minister Arun Jaitley in their meeting on Thursday.