'Backsliding' brings WTO to brink of crisis | Fin24
  • Growing Demand

    Automaker Ford says it will be adding 1 200 new jobs and a third shift at its Pretoria assembly plant.

  • 'Deeply Upsetting'

    Dan Matjila, the former CEO of the Public Investment Corporation, has denied receiving a R5m bribe.

  • Fin24’s newsletter

    Sign up to receive Fin24's top news in your inbox every morning.


'Backsliding' brings WTO to brink of crisis

Jul 25 2014 19:03


Related Articles

Hope for Doha Round

The Africa factor


Washington - US trade representative Michael Froman said on Friday backsliding on a World Trade Organisation (WTO) deal struck in Bali last December threatened a serious blow to the credibility of the global trading system.

"We are deeply disappointed that backsliding on trade facilitation has brought the WTO to the brink of crisis," Froman said after India said it will only back customs reforms if its demands on food stockpiling rules are implemented in the same timeframe.

The United States would consult with other WTO members on appropriate next steps, he said in a statement.

wto  |  us  |  india  |  bali  |  trade


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...