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Business Other News 08 Sep 2016 India set to push WT ...

India set to push WTO agreement

DECCAN CHRONICLE.
Published Sep 8, 2016, 1:48 am IST
Updated Sep 8, 2016, 1:49 am IST
India cleared the way for a WTO Trade Facilitation deal covering goods in 2014.
Commerce Minister Nirmala Sitharaman
 Commerce Minister Nirmala Sitharaman

New Delhi: Union commerce minister Nirmala Sitharaman said on Wednesday that India will present proposals to the World Trade Organisation (WTO) on ways to ease trade in services as  the country seeks to leverage one of its competitive strengths.

“While there seems to be trade facilitation for goods, there doesn’t seem to be trade facilitation for services, and that was a point I made in Paris,” said Ms Sitharaman. “This is a matter on which the WTO will now have to work,” she said.
Prime Minister called for freer trade in services at the recent G20 summit hosted by China and, Ms Sitharaman said, India will soon submit a paper to the WTO as requested at the Paris meeting. India cleared the way for a WTO Trade Facilitation deal covering goods in 2014.

 

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