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14 November 2014, The New York Times

U.S.-India Agreement on Stockpiles of Food Revives a Trade Deal

Rajrishi Singhal, Senior Geo-economics fellow, Gateway House has been quoted in the New York Times on the U.S. - India agreement on food stockpiles

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India and the United States reached an agreement on Thursday over food stockpiles, removing a major obstacle to a global trade deal that has been stalled for months.

The pact, which precedes a meeting this weekend of the Group of 20 major economies, allows India to continue its extensive food subsidy program. In settling the dispute, India returns to the negotiating table on a broader trade package.

That package, first agreed upon at a World Trade Organisation meeting in December in Bali, Indonesia, is the first significant global trade deal since the creation of the W.T.O. nearly two decades ago.

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