Economics
WTO Trade Talks Fail on India’s Protection of Food Subsidies
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Talks for the first major accord in the World Trade Organization’s 19-year history collapsed over objections raised by India, which was seeking to bolster farm protections.
Negotiators for a Trade Facilitation Agreement at WTO headquarters in Geneva failed to agree as a midnight deadline passed to implement part of the accord by the end of July. India refused to go along without assurances the pact would allow it to keep protections for its domestically produced food.