G20 welcomes India-US pact;hopes it will help WTO negotiations
November 16, 2014  13:07
Welcoming breakthrough between India and the US on the food stock piling issue, G20 leaders today hoped that it will put WTO negotiations back on track and facilitate the implementation of trade pact which is necessary for driving growth and generating jobs.

"We welcome the breakthrough between the United States and India that will help the full and prompt implementation of the Trade Facilitation Agreement (TFA) and includes provisions on food security. "We commit to implement all elements of the Bali package and to swiftly define a WTO work programme on the remaining issues of the Doha Development Agenda to get negotiations back on track," said the communique released after the G20 meet.

Earlier this week India achieved a major breakthrough with the US agreeing to its proposal on food security issues at WTO, a development that will pave the way for ending a three-month long stalemate on Trade Facilitation Agreement at the multi-lateral trade body.
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