India: Let’s Boost International Trade Again

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.