India's demands to sign WTO deal accepted by US, EU

According to reports, global trade deal between India, the United States and the European Union is close to being signed, with India agreeing to sign the stalled international treaty on easier customs rules.

India will sign the treaty only after an agreement on the contentious food security issue is reached at the World Trade Organization, and in return the United States and European Union will accept India's demand for providing flexibility to developing countries in fixing minimum support price for farm products,a daily newspaper reported.

On Wednesday, India defied the world in a row over food stockpiling that had crippled attempts to reach a global trade agreement,raising doubts that backroom talks could reach a compromise before a Group of 20 summit this month.

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