What WTO's Trade Facilitation Agreement has in store for India?

The WTO will meet on July 31 to adopt the protocol on the Trade Facilitation Agreement (TFA). The protocol will be open for acceptance by individual countries for a year, up to July 31, 2015. The TFA will come into force once twothirds of members have completed their domestic ratification process. India has taken a tough stand on the agreement. ET explains: