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Cabinet to decide soon on WTO pact

A senior government official said that ministry has recieved comments from various departments on a draft note circulated earlier.

Policy Pulse
Publish Date: Jan 4 2016 2:22PM | Updated Date: Jan 4 2016 2:49PM

Cabinet to decide soon on WTO pactW T O

The commerce ministry is finalising a draft note on the trade facilitation agreement (TFA) of the World Trade Organization and will soon approach the Cabinet for an approval.

 
 
A senior government official said that ministry has recieved comments from various departments on a draft note circulated earlier.
 
 
"The final note is being prepared, factoring in the comments, which will then be placed before the Cabinet," the official added. 
 
 
In 2014, India had decided against endorsing the TFA, which was part of the Bali ministerial package of the WTO in 2013.However, now that the recently-concluded Nairobi ministerial has reaffirmed commitments to firm up the permanent solution on this issue, India is expected to endorse the TFA.