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Tuesday, 20 October 2015

India-Africa: common cause against trade bullying

India and the 54 countries of Africa are expected to join forces at a mega summit later this month to form a united front to counter perceived Western bullying, notably by the US, over global trade negotiations ahead of an upcoming WTO ministerial meet to be held in Nairobi in December. Trade officials from India and Africa are already into negotiations ahead of the Third India-Africa Forum Summit (IAFS) being held here October 26-30, to firm up a joint front that will seek to protect the interests of developing countries in the face of Western pressure to succumb to laws seen as tailored to suit their interests. India is concerned that the TPP and TTIP agreements, that it is not part of, may seek to set international phyto-sanitary standards and factory standards for agricultural and manufactures goods that India and developing countries like it are not yet ready to measure up to.

Source: dajiworld.com