India's trade deal debacle at Bali
After four days of intense round-the-clock negotiations, the 159 members of the World Trade Organization struck a deal last week that is expected to give the global economy a $1 trillion boost. But progress toward freer trade came at a price. Indian Commerce Minister Anand Sharma held up the deal to extract permission for Delhi to break current WTO rules that limit agricultural cash subsidies and food stockpiling. The real surprise was how India’s backsliding provoked an angry reaction even among its fellow developing...
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