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India's demands block $1 trillion WTO deal on customs rules

Reuters  |  GENEVA 

By David Brunnstrom and Tom MilesGENEVA (Reuters) - The World Trade Organization failed on Thursday to reach a deal to standardise customs rules, which would have been the first global trade reform in two decades but was blocked by India's demands for concessions on agricultural stockpiling."We have not been able to find a solution that would allow us to bridge that gap," WTO Director-General Roberto Azevedo told trade diplomats in Geneva just two hours before the final deadline for a deal."Of course it is true that everything remains in play until midnight, but at present there is no ...

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First Published: Fri, August 01 2014. 06:05 IST