Farm dispute imperils WTO vision to free up trade
NUSA DUA, Indonesia (AFP) - India on Wednesday rejected a proposed World Trade Organisation (WTO) package, casting a cloud over a high-stakes conference trying to revive faltering efforts to liberalise global commerce.
Commerce ministers from WTO members are meeting on the Indonesian resort island of Bali in hopes that agreement on the modest package could sustain the WTO's stumbling 12-year-old drive to slash trade barriers.
But New Delhi fears the accord could endanger its efforts to support farmers and subsidise food in the huge nation.
Its position is believed to be supported by many other developing countries who fear opening their agricultural markets.