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India Preparing For Tough Negotiations At WTO
27/03/2017 12:00
India’s proposed trade facilitation agreement (TFA) in services is set for a tough negotiating process at the WTO.
“We find that the countries that are driving the services industry and those with inputs from knowledge based spectrum are not willing to support a TFA in services. The lessons that have been learnt from coming to a consensus on TFA in goods through a dialogue process are very crucial,” said Commerce and industry minister Nirmala Sitharaman on Thursday, while addressing a workshop on TFA in services organised by the commerce ministry and the World Bank.
As per her, lessons learnt from earlier negotiations on the trade facilitation pact in goods would help Indian authorities during discussions on services category.
The India government effort is to remove hurdles in policy and not only access new markets in services, she added.
“We find that the countries that are driving the services industry and those with inputs from knowledge based spectrum are not willing to support a TFA in services. The lessons that have been learnt from coming to a consensus on TFA in goods through a dialogue process are very crucial,” said Commerce and industry minister Nirmala Sitharaman on Thursday, while addressing a workshop on TFA in services organised by the commerce ministry and the World Bank.
As per her, lessons learnt from earlier negotiations on the trade facilitation pact in goods would help Indian authorities during discussions on services category.
The India government effort is to remove hurdles in policy and not only access new markets in services, she added.
Mar 24, 2017
Source: BusinessLine
Source: BusinessLine
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