India-US agreement on public stock holding of food to facilitate trade facilitation agreement, going forward: PHD Chamber

India-US agreement on public stock holding of food to facilitate trade facilitation agreement, going forward: PHD Chamber

India-US agreement on public stock holding of food to facilitate trade facilitation agreement, going forward: PHD Chamber

 

No.PR-132
November 13, 2014
New Delhi
 

India-US agreement on public stock holding of food to facilitate trade facilitation agreement, going forward: PHD Chamber

 

Agreement between India and USA on public stock piling of food is a very significant development and it would pave the way for implementation of India’s stand on food security and Trade Facilitation Agreement (TFA) at the WTO forum, said Mr. Sharad Jaipuria, President, PHD Chamber of Commerce and Industry.

 

We believe, members of the WTO will also take it forward with enhanced contribution by the WTO which should reflect its commitment to trade development at the global level, said Mr. Jaipuria.

 

The agreement between the two countries is an important step towards restoring the lost momentum. It would enable to restoration of confidence in the WTO negotiations going forward, he said.

 

ENDS
Koteshwar Prasad Dobhal
Consultant (PR)