WTO negotiations to resume in Geneva on September 14

New Delhi, Sep 4 (ANI): The informal meeting of the trade and commerce ministers of key World Trade Organisation (WTO) member countries agreed on Friday to resume negotiations on September 14 in Geneva.

The negotiators will hold the meeting for a week beginning September 14, sources said.

The global trade talks are stalled since July last year.

Commerce and Industry Minister Anand Sharma said: "We have reached an agreement to intensify the negotiations. It has been a breakthrough in this meeting, if I can use this expression, the impasse has been broken."

The Geneva talks had collapsed after India and other developing countries opposed the agriculture subsidies offered by developed nations to their farmers

The developing countries argued that the new subsidy would distort trade by making the produce of their countries costly.

"It has been agreed by all with strong consensus and unanimous endorsement that the chief negotiators and the senior officials will meet in Geneva on September 14," Sharma added. (ANI)