President Obama praises PM Modi – Trade Pact Hurdles removed!
Posted on: 14/Nov/2014 5:14:51 PM
With all the major the hurdles for the World Trade Pact being removed, US President Obama has chosen this occasion to praise Indian Prime Minister, Mr. Narendra Modi.
The latest Press Release from the White House informs that President Obama indulged in detailed discussions about the World Trade Pact with Mr. Modi to take it forward.
The press release recorded appreciation for Mr. Modi for his display of leadership quality in resolving all the major blocks.
Several aspects including the grain stock control were seen as impediments for India to implement World trade Pact Agreement. This delayed the signing of the Pact.
Central Minister of State for Commerce, Ms. Nirmala Seetharaman, informed that these differences were resolved between US & India.
USA has expressed that this will pave the way for growth in global trade.
US Trade Representative, Mr. Mike Froman expressed that the World Trade Pact will reduce the expenses incurred in international trading and will grow benefiting everyone.
