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The stalemate in the on-going trade talks at the World Trade Organisation (WTO) continues as India refused to budge on its demand of securing a solution on food security issues simultaneously with a pact on trade facilitation.
“I am not in a position to tell you that a solution for our impasse is in the making. It appears to me that there is now a growing distrust which is having a paralysing effect on our work across the board,” said Roberto Azevedo, Director-General of WTO, in his speech at the crucial Trade Negotiations Committee meeting in Geneva on Thursday.
Developed countries such as the US, the EU and Australia, are refusing to yield to India’s demand that its problems on dealing with its food procurement subsidies be addressed immediately.
While New Delhi has said that it is ready to support a protocol for trade facilitation, a pact for facilitating trade between borders being pushed by many developed countries (also some developing countries), it wants changes to be made in the rules for treating its farm subsidies so that they don’t breach given limits.
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