India advocates for fair trade at WTO meeting

India has asserted its position at the ongoing WTO meeting in Abu Dhabi, refuting claims of obstructing progress and highlighting its commitment to equitable trade practices. Trade Minister Piyush Goyal reiterated India’s adherence to international obligations while advocating for a level playing field in a global economy historically biased against developing nations.

India’s Open Engagement

Minister Goyal affirmed India’s willingness to engage constructively on all issues, dismissing allegations of blocking WTO proceedings. He stressed the importance of collaboration, flexibility, and openness among member nations to address global trade challenges effectively. India’s participation in negotiations is crucial as the WTO seeks to address diverse issues, including agriculture, e-commerce, and institutional reforms.

Restoring the Appellate Body

A key priority for India is the restoration of the WTO appellate body, essential for resolving pending disputes. The minister emphasised the urgency of reinstating this mechanism, which ceased functioning in 2019 due to the US’s obstruction of new appointments. Restoring the appellate body is crucial for ensuring fair dispute resolution and upholding the rule-based international trading system.

Addressing Fisheries Agreement

India reiterated its stance on fisheries agreements, asserting that it is not responsible for overfishing or overcapacity. Minister Goyal emphasized the need for accountability from nations contributing to the problem, underscoring India’s commitment to sustainable fishing practices. The country seeks equitable solutions that hold responsible parties accountable for addressing environmental challenges.

E-commerce Tariffs and Food Subsidies

India’s position on extending the moratorium on e-commerce tariffs reflects its commitment to balanced trade policies. The minister highlighted the need to find solutions to contentious issues, including public procurement of grain for food programs. India advocates for preserving the essence of the WTO while addressing the legitimate concerns of developing nations, particularly regarding food security and agricultural subsidies.

Impact on Domestic Policies

India’s stance on agricultural subsidies and food security has significant implications domestically, especially in light of impending elections. Prime Minister Narendra Modi’s government prioritizes the welfare of farmers and the rural population, aiming to address food security challenges amidst global uncertainties. The agricultural-subsidy stance at the WTO ministerial underscores India’s commitment to safeguarding the interests of its vulnerable populations.

Conclusion

In conclusion, India’s participation in the WTO ministerial reflects its commitment to promoting fairness and justice in global trade. By advocating for equitable solutions and addressing concerns related to agriculture and food security, India asserts its position as a key player in shaping international trade policies. As negotiations continue, India’s stance underscores the importance of balancing economic growth with social welfare considerations on the global stage.

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