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Trade Facilitation Agreement News

21 Jul 2017

Trade facilitation pact to promote doing business, global commerce

Central Board of Excise and Customs (CBEC) Chairperson Vanaja N Sarna said that the agreement would change the global trade scenario and streamline the processes while supplementing India's reform agenda.

23 Mar 2017

India for fast tracking of talks on pact in services at WTO

India on Thursday called for fast tracking of the negotiation process for a trade facilitation pact in services at the WTO, saying multilateral bodies cannot afford delivering slowly in the present political reality of the globe.

23 Feb 2017

WTO's trade facilitation agreement to cut transaction costs, boost exports: FIEO

The WTO's trade facilitation agreement is expected to reduce transaction costs and promote exports, trade body FIEO said on Thursday.

05 Sep 2016

India's priority is to work towards TFA for services: PM Modi

Prime Minister Narendra Modi on Monday said the country's priority will be to work towards trade facilitation agreement (TFA) for services, a move that will help in movement of professionals.

World Trade Organisation

24 Apr 2016

India ratifies WTO agreement to boost global economic integration

India has ratified the World Trade Organisation`s (WTO) Trade Facilitation Agreement (TFA), which could further "its integration into the global economy" by boosting trade through efficient movement of goods.

06 Jan 2016

India to pitch for trade facilitation pact in services at WTO

India will pitch for a trade facilitation agreement (TFA) in services at the WTO and other bilateral free trade pacts as the sector has huge potential and it contributes significantly in the country's economy.

31 Jul 2015

Commerce Minister working on internal processes to ratify WTO's TFA

The government is working on internal processes to ratify WTO's trade facilitation agreement (TFA), which looks to ease Customs procedures to boost trade, a senior commerce ministry official on Friday said.

09 Nov 2014

'A few WTO nations can't go ahead without solving food issue'

India on Sunday made it clear that a few nations cannot move ahead with WTO trade pact without resolving the crucial food security issue and the matter needs consensus.

15 Oct 2014

India will stick to its position on food issue at WTO: Nirmala

India will stick to its position on the food security issue at the WTO trade negotiations as it is the sovereign duty of the government to protect the interest of its poor, Commerce & Industry Minister Nirmala Sitharaman said on Wednesday.

14 Sep 2014

WTO optimistic of a solution as it reviews progress this week

Amid India's tough posture over the food security issue, the WTO has expressed optimism of finding a solution as it reviews the progress of talks this week.

19 Aug 2014

India hopeful of solution to food subsidy issue at WTO

India is hopeful of a solution to the food stockpile issue at the WTO negotiations beginning next month at Geneva, which will also pave the way for signing of the trade facilitation agreement.

16 Aug 2014

India 'will honour' WTO trade deal pledge

"We are agreeing to everything done in Bali, we are not saying we are going to dishonour that commitment, we will honour that commitment," Sitharaman said.

Nirmala Sitaraman

06 Aug 2014

India hopes to convince WTO by Sept on food security issue

Nirmala Sitaraman underlined that India will not compromise on its sovereign duty to protect the interest of its farmers as well as consumers.

05 Aug 2014

'WTO failure to cost global economy $820 billion'

The failure to ink the WTO's trade facilitation agreement (TFA) may cost the global economy USD 820 billion and 16 million in terms of new jobs.

05 Aug 2014

Need to bring balance in implementation of Bali decisions: CII

Backing the government's stance at WTO, industry body CII on Tuesday said due importance should be given to trade facilitation, food security and LDCs issues while taking forward the outcomes of Bali Ministerial.

05 Aug 2014

India says confident WTO will understand food security concerns

India refused to yield ground on Tuesday on its spat with the World Trade Organisation and said it believed it could convince other members that its need for more freedom on food subsidies was legitimate.

04 Aug 2014

WTO failure points to fragmented future for global trade

India has dealt a potentially fatal blow to the World Trade Organization`s hopes of modernising the rules of global commerce and remaining the central forum for multilateral trade deals.

World Trade Organisation

02 Aug 2014

`India's stand on WTO puts into doubt its credibility`

As the deadline to sign the WTO pact to ease worldwide customs rules lapsed at midnight in Geneva on Thursday, two influential American lawmakers on Friday criticised India for digging its heels in on the Trade Facilitation Agreement.

25 Jul 2014

EU, Australia-led group unite against India at WTO

Unconvinced by India's line that it will not sign the Trade Facilitation Agreement at WTO unless its food security concerns are addressed, a large block of global powers have joined hands against New Delhi in Geneva where negotiations on this matter are going on.

25 Jul 2014

WTO should go for 'back-to-back' meetings: India

Reiterating its tough stand, India has suggested that WTO should go for 'back-to-back' meetings for a permanent solution to its food security issues and review the progress in October.

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