But India says it is committed to TFA as WTO talks fail

August 01, 2014 11:01

Notwithstanding the failure of WTO members to reach a consensus on Trade Facilitation Agreement to simplify global customs rules, India today said it remains committed to the pact and will continue to pursue its proposal to find a permanent solution to its food security issues.

Commerce Secretary Rajeev Kher said the WTO will be on vacation for a month and during this time, India will focus on follow up action. "This is a good enough time to think about our follow up action. Obviously our proposal is there on the table and we will pursue our proposal," Kher told PTI.

Last night, the 160-member World Trade Organization (WTO) at Geneva failed to agree on a global customs pact popularly called as the Trade Facilitation Agreement (TFA).

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