India Inc, exporters welcome WTO pact on global trade

Last Updated: Saturday, December 7, 2013, 15:51

This is the first such agreement since the World Trade Organisation (WTO) was set up way back in 1995.

WTO overcomes last minute hitch to reach its first ever trade deal

Last Updated: Saturday, December 7, 2013, 10:01

The approval came after Cuba dropped a last-gasp threat to veto the package of measures.

Sudden setback to WTO as Latin American nations reject package

Last Updated: Saturday, December 7, 2013, 09:05

In a sudden turn of events, four Latin American countries including Cuba and Bolivia have rejected the WTO's Bali package, a setback to the draft agreement which was to be ratified by the WTO members.

WTO's trade facilitation pact to reduce cost, boost industry

Last Updated: Saturday, December 7, 2013, 09:03

The trade facilitation, which was agreed by the World Trade Organisation (WTO) members after four days of hectic negotiations, will help developing countries including India to reduce transaction cost and improve competitiveness of domestic industry.

Major victory at WTO, no threat to food security plan: Anand Sharma

Last Updated: Friday, December 6, 2013, 20:46

In a major victory for India, the WTO Friday agreed to allow countries to provide subsidy on staple food crops without any threat of punitive action, a concession that salvaged the current round of world trade talks from the brink of collapse.

Global trade deal seen "very close", India makes WTO sweat

Last Updated: Friday, December 6, 2013, 13:24

Just a day earlier, a deal that would add hundreds of billions of dollars to the world economy by some estimates teetered on the brink of collapse.

WTO chief calls Sharma, key trade ministers to end impasse

Last Updated: Thursday, December 5, 2013, 22:31

In a last ditch effort to salvage the global trade talks, the WTO chief has called an urgent meeting of the trade ministers of the US, India and Indonesia to end the impasse over the food security issue.

Hectic parleys on to salvage WTO Bali talks

Last Updated: Thursday, December 5, 2013, 22:23

With India unrelenting on its tough stand, the WTO Thursday night launched hectic efforts to salvage the trade talks that are staring at a possible collapse on the food security issue.

No agreement on food security better than a bad one: Sharma

Last Updated: Thursday, December 5, 2013, 14:06

The Minister, at a packed press conference, made it clear that New Delhi was not prepared for any compromise on the food security issue, adding the deal at Bali has to be fair and balanced as "it is better to have no agreement than a bad agreement".

Food security should not distort global agri market: EU

Last Updated: Wednesday, December 4, 2013, 17:45

Amid India's hard posture that the food security issue is "non-negotiable", the European Union Wednesday said that every human has the right to food security but the programme should not distort the global agriculture market.

Food security non-negotiable, Sharma tells WTO

Last Updated: Wednesday, December 4, 2013, 11:36

In a strongly-worded message to WTO members, India Wednesday said the food security issue was "non-negotiable" and the country also managed support for its stand from several nations from Africa and Latin America.

India refuses to budge as WTO members begin parleys

Last Updated: Tuesday, December 3, 2013, 21:38

Sharma made India's position clear during bilateral talks with trade ministers of various nations on the sidelines of the World Trade Organization meet.