Economics
EU Says Global Trade Talks Risk Collapse as India Resists
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The European Union and dozens of nations warned that World Trade Organization talks are at risk of falling apart as India seeks to renegotiate part of a breakthrough agreement reached last year.
WTO members are striving to pass part of a package of deals reached in December in Bali by a July 31 deadline. The government of Indian Prime Minister Narendra Modi, who took power in May, will block the process until he receives further assurances that he can expand food subsidies without penalty, according to two Indian officials with direct knowledge of the talks who asked not to be identified because they aren’t authorized to speak to the media.