India must be cautious while negotiating the proposed bilateral trade agreement with the US, as the absence of Fast Track Trade Authority in America makes any pact vulnerable to Congressional changes, economic think tank GTRI said on Tuesday. It also said that the certification process allows the US to effectively re-negotiate the trade agreement after it is signed, demanding domestic legal changes, regulatory reforms, and policy shifts that could undermine India's sovereignty.
The Director General of World Trade Organisation, Pascal Lamy, today urged to speed up the negotiations on the Doha Round as the Trade Promotion Authority in United States is expiring in June.
India has rejected the World Trade Organisation's proposal to conclude the negotiations on the Doha Round by June-end.
'India has not integrated into any major trade agreement'.
China aims to set common standards on issues.
In his penultimate State of the Union address, Barack Obama said that the economy is improving.
Read the full transcript of President Obama's State of the Union address on Wednesday at the US Capitol in Washington.
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