World Trade Organisation deal on global customs falls through

Eleventh-hour attempts to salvage a World Trade Organisation deal on simplifying global customs have collapsed, leaving the future of the Geneva-based institution in doubt.

World Bank says trade protectionism starts to level off

(Reuters) - Barriers to imports in major economies are starting to recede after a rash of protectionism during the global financial crisis, World Bank figures showed on Thursday.

G20 Summit: Syria, World Economy Discussed

The Group of 20, a group of countries developed and emerging whose populations comprise two out of three people on Earth, saw their world leaders gather in St. Petersburg over the last two days.

At the G-20, Small Victories for India

“History is being written in Cannes,” trumpeted billboards around the Mediterranean resort city when world leaders met there last week. And it was, though not as the French might have hoped.

G20 should adopt flexible trade policy: India

NEW DELHI: India, the world's second- largest producer of wheat and rice, has said free export of agricultural commodities could affect the country's food security at a time when global prices are high and urged G-20 nations to adopt flexibility in trade policy.

"Developing countries like India for whom free exports can be detrimental to their food security during the times of high global prices," Agriculture Minister Sharad Pawar said in the summary note circulated at the fist agriculture ministers' meeting of G-20 held in Paris.

India to raise concerns over easy money policy at G-20

At the G-20 Sherpa’s meeting later this month, India is set to highlight external risks such as aggressive policy action and high public debt in advanced economies that pose a risk to its growth and create inflationary pressures.

“While domestic factors are largely conducive for maintaining a high growth, external risks such as low interest rates are leading to a surge of capital flows into India. This is ultimately leading to an asset price bubble and soaring commodity prices within the country, making it difficult to curb prices,” a finance ministry official said.

Ahead of G-20, India offers nuke help

India has proposed to the International Atomic Energy Agency (IAEA) that it can send experts to deal with the Fukushima nuclear incident and the emerging fallouts even as G-20 countries are set to discuss a new universal framework for nuclear safety ahead of the group’s summit in Cannes in November t his year.