WTO warns of trade impact from impasse

MEXICO CITY: Failure to reach a global customs rules deal could have a œconsiderable impact on other areas of global trade negotiation, World Trade Organisation (WTO) director-general Roberto Azevedo said on Monday. Late last month, India torpedoed a deal to simplify, standardise and streamline the rules for shipping goods across borders, known as œtrade facilitation, after it demanded concessions on agricultural stockpiling. œI think that we have an opportunity to restart talks next month, Azevedo added. Reuters

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