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Asia
 

Kerry presses India on global trade deal as deadline looms

Published on Jul 31, 2014 3:55 AM
 

NEW DELHI (Reuters) - U.S. Secretary of State John Kerry, who arrived in India on Wednesday for an official visit, has pressed New Delhi to drop its opposition to global trade reforms, saying it was a test of the country's commitment to advance economic liberalisation.

Mr Kerry made the call in a newspaper article, penned along with U.S. Commerce Secretary Penny Pritzker, published hours ahead of his arrival for talks aimed at revitalising ties that have been mired in disputes over trade, intellectual property rights and climate change.

India has threatened to block a worldwide reform of customs rules, saying it must be accompanied by a parallel agreement allowing developing countries more freedom to subsidise and stockpile food grains.

The deadline for the deal that the World Trade Organisation says could provide a US$1 trillion stimulus to the global economy is Thursday. Mr Kerry said India stood to gain by creating a level playing field instead of erecting trade barriers.

 
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