facebook.com/Outlookindia twitter.com/outlookindia digimag.outlookindia.com instagram.com/outlookindia youtube.com/user/OutlookMagazine

Kerry Meets Jaitley, Discusses WTO Impasse

US Secretary of State John Kerry today met Finance Minister Arun Jaitley and discussed India's stance on the ongoing WTO's Trade Facilitation Agreement talks which are set to conclude at Geneva later in the day.

Kerry was accompanied by US Commerce Secretary Penny Pritzker who has already expressed disappointment over India's stand at the ongoing TFA negotiations for easing customs rule for free movement of goods.

"We had a good discussion. India is a big market. We also had discussion on issues related to WTO," an official privy to the meeting said.

India has been maintaining that it will not ratify the TFA, which is dear to the developed world, until a permanent solution is found on the issue of public stock holding for food security purposes.

TFA, which aims at simplifying customs procedure, increasing transparency and reducing transactions cost, is being pushed by the US and others as they seek to bolster their sagging economies through an unhindered international trade by way of a uniform and easy procedures at customs.

India is seeking a guarantee on food security for its hundreds of millions of poor as a pre-condition for the passage of the pact.

The agreement, drafted during a ministerial summit at the Indonesian resort town of Bali last December, has to be sealed by July 31.

Yesterday, Pritzker said she was "hopeful that even in the last remaining days India might find a way to come to a solution on this issue".

READ MORE IN:
PEOPLE: Arun Jaitley
PLACES: USANew Delhi
SECTION: Business
OUTLOOK 31 July, 2014
© Copyright PTI. All rights reserved. Republication or redistribution of any PTI content, including by framing or similar means, is expressly prohibited without their prior written consent.
Download the Outlook ​Magazines App. Six magazines, wherever you go! Play Store and App Store

Post a Comment

You are not logged in, please Log in or Register
  • Daily Mail
THE LATEST ISSUE
CLICK IMAGE FOR CONTENTS
OUTLOOK ON TWITTER
POLLS

The cricket icon is reported to have tried to curry favour with Defence Minister Parrikar for a friend's property adjoining defence land in Mussoorie. Parrikar is said to have declined to help. The recipient of India's top honour is also busy endorsing various products. Is India's legendary batsman insulting the Bharat Ratna, which was given to him after amending rules?

POLL STARTED ON: Jul 19, 2016
Quiz
Kashmir has been the scene for massive protests following the killing of Hizbul commander Burhan Wani on July 8. “Non-lethal” pellet guns used against the protesters have blinded many and 45-odd people have died in the face-off against security forces. The scale of protests have led to frayed tempers in the mainland with many resorting to high-voltage jingoism. But how well do you know Kashmir? Find out, take this quiz.
QUIZ STARTED ON: Jul 25, 2016