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WTO Talks on Bali Accord Near Collapse Over India’s Objections

July 31 (Bloomberg) -- The World Trade Organization was on the verge of missing a deadline to implement a part of a landmark agreement reached last year in Bali, jeopardizing the first major accord in the group’s 19-year history.

Negotiators working for a Trade Facilitation Agreement at WTO headquarters in Geneva today are near a self-imposed midnight deadline to advance the agreement.

“My understanding is that the remaining gaps are unbridgeable with the time that we have,” WTO Director General Roberto Azevedo, said in a statement. “We tried everything we could. But it has not proved possible.”

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To contact the reporter on this story: Brian Wingfield in Washington at bwingfield3@bloomberg.net

To contact the editor responsible for this story: NSN at jmorgan97@bloomberg.net

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