US blames India for collapse of TFA talks
August 01, 2014 10:29
The US has blamed India for the collapse of the talks for a Trade Facilitation Agreement and said that New Delhi taking a hardline position has put the future of World Trade Organisation in "uncertain ground".
In a statement, the US has regretted that "India and handful of (WTO) Members" decided not to adhere to their commitment to implement the TFA consistent with the Bali agreement.
India has been maintaining that it would not adopt the protocol on the TFA until a permanent solution is found on the public stock holding for food security purposes.
"The US is fully committed to the multilateral trading system embodied in the WTO. But the WTO system relies on its Members to implement the commitments to which they have agreed," US Trade Representative Mike Froman said in a statement, expressing his deep disappointment over the failure of the agreement on TFA.
"Geneva will be quiet for the next several weeks. This is a good time for all of us to reflect on these developments and to consider the implications going forward. We will consult with our trading partners on potential paths forward," Froman said.
Meanwhile, a trade official, who spoke on the condition of anonymity, said it is "incredibly sad" that India has not upheld its Bali commitment and this has put the WTO in a highly new "uncertain" ground.
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