US, India Reach Food Subsidy Deal in Stalled WTO Pact

The United States and India have announced an agreement to resolve a dispute about food subsidies that has held up the ratification of a global trade pact. World Trade Organization delegates approved the trade deal last December, seeking to streamline customs rules and cut the cost of shipping goods around the world. The pact needed approval of all 159 WTO members, but India declined to ratify it because of concerns about a clause that restricts the size of food subsidies governments...

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