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U.S. Commerce Secretary hopeful of WTO deal by Thursday
July 31, 2014 / 10:39 AM / 3 years ago

U.S. Commerce Secretary hopeful of WTO deal by Thursday

NEW DELHI (Reuters) - U.S. Commerce Secretary Penny Pritzker held out hope that differences with India over a deal on easing global trade would be resolved and an agreement would be reached by the end of a WTO deadline on Thursday.

New Delhi has insisted that, in exchange for signing up to the trade facilitation agreement, it wants to see more progress on a parallel pact giving it more freedom to subsidize and stockpile food grains than is allowed under WTO rules.

“I am an optimist, I am hopeful that within the period of today... that there is a common ground that is found,” Pritzker, who is accompanying Secretary of State John Kerry for an annual strategic dialogue with Indian government leaders, told HDTV.

Reporting by Sanjeev Miglani; Editing by Simon Cameron-Moore

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