It is early days yet to claim victory in the larger struggle to correct the fundamental bias in WTO against developing countries
The impasse regarding the implementation of the trade facilitation agreement (TFA) in the World Trade Organization (WTO) seems to be coming to an end after India and the US reportedly resolved their differences on the food security outcome of the Bali ministerial conference held last December. Apparently, the US has agreed to support India’s demand for changing the duration of the peace clause from four years to until a permanent solution is found, and India will ratify the TFA, hence paving the way for its implementation. Assuming that these proposals are accepted by WTO’s general council, it is important to understand what this implies for the issues involved.
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