WASHINGTON (Reuters) - U.S. Trade Representative Michael Froman said on Friday backsliding on a World Trade Organization 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.
(Reporting by Krista Hughes; Editing by James Dalgleish)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
