WTO Deal Major Win for India: ASSOCHAM | SupportBiz


WTO Deal Major Win for India: ASSOCHAM

Tags: WTO, assocham
The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has welcomed the WTO agreement at the Bali Ministerial Meeting, calling it historic for the entire developing world.

New Delhi, December 09: ASSOCHAM Secretary General D S Rawat stated that, the deal, achieved as a result of strenuous efforts of trade ministers of 159 countries, especially Indian Commerce and Industry Minister Anand Sharma, will fetch rightful dues of farmers and poor of the entire developing world. It will also cement India’s leadership position in the particular area, he said.

“While agreement on food security will ensure a fair deal for the subsistence farmers and the vulnerable sections in the developing countries, the deal on trade facilitation will improve efficiency at the international trade borders and reduce the transaction costs, particularly for the Indian exporters,” opined Rawat.