By Jieying
Ding
Two months after blocking an international agreement on
easing trade regulations, India began initiating measures to cut red tape to
expedite international trade, according to The
Economic Times. A national committee will be set up on trade facilitation,
and India emphasized its support. However, India just
vetoed a WTO trade facilitation agreement, which sought to speed up global
trade by reforming customs procedures. India, apparently aware of the irony,
has allocated significant funds towards trade facilitation to show its
commitment.
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