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India wins US support for food scheme, ends WTO blockade
It will lift a veto on a global agreement to streamline customs rules that will add 21m jobs worldwide
Add BT as a preferred sourcePublished Thu, Nov 13, 2014 · 09:50 PM
New Delhi
INDIA won US support for a massive domestic food stockpiling scheme on Thursday, rescuing the biggest global trade deal in two decades and giving new Prime Minister Narendra Modi a victory without major concessions.
Under the pact with Washington, India will lift a veto on a global agreement on streamlining customs rules that is likely to add US$1 trillion to the world economy as well as 21 million jobs - 18 million of them in developing countries.
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