• UGI USER
  • Feb 09, 2024
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WTO’S ROLE IN NON-TRADE ISSUES

Why in the News?

  • India opposes discussing non-trade issues like environment and gender at the WTO’s 13th Ministerial Conference in Abu Dhabi.
Source: Sohu

About the Issue:

  • Developed nations aim to tackle trade deficits with developing nations by incorporating non-trade issues into WTO discussions.
  • Challenges arise from the EU’s Carbon Border Adjustment Mechanism (CBAM) and deforestation laws, which blur the lines between trade and environmental concerns.
  • India’s Stand : Trade barriers disguised as sustainability measures are viewed as harmful to global trade and should be addressed outside of WTO negotiations.
About World Trade Organization (WTO)

·   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.