WTO will consider more grace time for new trade rules
Hyderabad: Mr. Mike Moore, director-general, World Trade Organisation (WTO), has said that the world trade body is likely to consider providing more grace period to India implement the new trade rules. This would help soften the cultural shock and aberrations being felt in the country.

Mr. Moore said such concession is given on case by case basis and is nothing unusual, as many countries had taken longer period to straighten their legal and legislative procedures before seeking membership of the WTO. He said the WTO could not make much progress in its mission without the participation of India and said the country’s national income will go up by 4.4 percent in the second round of reforms and liberalisation.
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