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August, 27, 2016

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India defends decision on global trade deal

NEW DELHI--India has defended its decision to scuttle a landmark worldwide trade deal, saying its farmers faced suicide and starvation if the government had backed down on its tough stand at the WTO.

Finance Minister Arun Jaitley said the new right-wing government could not agree to the deal to streamline global customs rules unless the World Trade Organization adequately addressed its demand on stockpiling food.

"The fact of the matter is there have been many instances in history where India has been forced to raise its voice against the powerful nations," Jaitley told the NDTV network late on Monday.

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