U.S. Secretary of State John Kerry said on Thursday that he still hoped for a compromise to end India’s opposition to a global deal that would address its concerns and help advance trade liberalisation, just hours before a deadline passed. New Delhi has insisted that, in exchange for signing a trade facilitation agreement worked out in Bali last year, it must see more progress on a parallel pact giving it more freedom to subsidise and stockpile food grains than is allowed by World Trade Organization rules. “We are obviously encouraging our friends in India to try to find a path here where there is a compromise that meets both needs, and we think that’s achievable. India’s new nationalist government has demanded a halt to a globally agreed timetable on new customs rules and said a permanent agreement on food stockpiling and subsidies aimed at supporting the poor must be in place at the same time, well ahead of a 2017 target set last December in Bali.
Source: https://in.news.yahoo.com/kerry-says-compromise-india-wto-possible-151025406–business.html