India smokes peace pipe, last-minute deal at World Trade Organisation summit

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World Trade Organisation on Friday evening issued a revised draft of the Bali package World Trade Organisation on Friday evening issued a revised draft of the Bali package
SummaryRevised WTO draft takes into account Indian, US demands.

by late afternoon on Friday but had to be extended as a consensus remained elusive. Negotiations between India and the US went on till early Friday morning. But India was not satisfied with the compromise offered then. Another meeting with all trade ministers with the WTO chief also did not yield results.

Commerce and industry minister Anand Sharma held two rounds of meetings with Azevedo on Friday to explain India’s stance. Sharma along with most trade ministers has extended their stay in the island to Saturday.

“The current Bali package is not balanced. Our proposal is that this conference should give a political direction to the post-Bali process,” South African trade minister Rob Davies had said after the meeting.

“It is not just India that has issues, there are several African countries with similar concerns,” he said on the Bali package.

Nearly 25 countries including Egypt, Brazil and Venezuela had supported India's concerns on food security and called for a review of the original Bali package.

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