• UGI USER
  • Jan 24, 2024
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INDIA’S FIRM STAND ON WTO STRUCTURE

Why in the News?

  • India remains committed to preserving the core structure of the World Trade Organization (WTO).
Source: DICS

India’s WTO Stand:

  • Upholding consensus-based decision-making and a member-driven approach.
  • Special and differential treatment (S&DT) prioritized for developing nations.
  • Strong opposition to deviations from foundational principles.
  • Advocating swift filling of appellate body vacancies.

Opposition to Changes:

  • Developed nations push for a voting structure, opposed by India.
  • Resistance to involving the private sector in WTO operations.
About World Trade Organization

·    The WTO, established on January 1, 1995, under the Marrakesh Agreement, replaces GATT.

·    It’s a crucial intergovernmental organization within the United Nations System, regulating global trade rules.

·    Operating with 164 member states, it represents over 98% of global trade and GDP.