WTO hails India’s trade reforms
Several WTO members, including Turkey, Brazil, Mexico, China, Pakistan and the European Union, have praised India for pursuing bold trade and development-friendly initiatives despite serious economic and social challenges.
The US, however , took several pot shots at New Delhi by commenting “about lack of transparency in many aspects of India’s trade policy” at the World Trade Organisation.
During India’s trade policy review meeting at WTO, which provides a platform for members to review New Delhi’s overall trade and macro-economic policies, Commerce Secretary Rahul Khullar outlined government’s trade and macro-economic reforms in the face of raging global economic crisis. India’s average applied tariffs are currently around 8.9 per cent.
He said India is disappointed at ongoing attempts to “sidestep the core issues and come up with a new agenda” at this juncture.
“India is a very a influential country,” Mexico’s trade envoy Ambassador Fernando de Mateo said.
