SEBI Reg. Investment Advisor

Download App
Help Center Pricing
Money Works 4 Me Logo MoneyWorks4Me
Login Get Free Account
Sign Up

MoneyWorks4Me

Log In Sign Up Schedule Free 15‑min Call
Login Get Free Account
Sign Up
  1. Home
  2. Stock Market News
  3. Tough stand on TFA contrary to India's promise on business: Global Trade bodies

Tough stand on TFA contrary to India's promise on business: Global Trade bodies

31 Jul 2014 Evaluate

As India has taken a tough stand at WTO, the top global trade bodies and experts have attributed this policy as a quite contrary to the promise made by the new government that it is open for business.  Last week, India has made it clear to the World Trade Organization (WTO) that it would not agree to the Trade Facilitation Agreement (TFA) unless there is a tangible and credible evidence of movement on arriving at a permanent solution on safeguards to run food security programmes of developing nations and a package for least developed countries (LDCs).

India's stance not only puts up a roadblock on global trade, but will effectively halt any efforts to envision a larger ambition for the US-India economic relationship, said Alyssa Ayres a senior fellow for India, Pakistan, and South Asia at the Council on Foreign Relations. Disagreement with TFA shows that India is not against the west countries but against itself and the world, backing away from the terms of a deal it participated in designing as recently as December. The International Chamber of Commerce (ICC) has stated that failure to meet the July 31 deadline for TFA would mean missing an opportunity to inject much-needed growth into the global economy.

The developed countries including the US, Australia and European countries have heavily skewed in favour of trade facilitation instead of accepting the Bali package on food security programmes of developing nations. Earlier, at Bali Ministerial last December, India had agreed to the TFA, which binds members to improving border infrastructure for smoother movement of goods. The TFA is aimed at simplifying customs procedure, reducing transactions cost and increasing transparency and is being pushed by the developed countries as they seek to strengthen their sagging economies through an unrestrained global trade by way of a uniform and easy procedures at customs.

Register Now to get our Free Newsletter & much more!
2026 ©The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me® is a registered trademark of The Alchemists Ark Pvt. Ltd.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×