India has convened a WTO\u00a0 ministerial meeting of 16 developing and six least developed countries starting Monday. Issues such as impasse on the appointment of WTO’s appellate body members and way forward on reforms at the global trade body would be discussed in the meeting of developing countries in New Delhi on May 13-14.<\/p>\n\n\n\n
The meeting is being held \nat a time when the multilateral rule-based trading system is facing \nserious and grave challenges. “In the recent past, there have been \nincreasing unilateral measures and counter measures by members, deadlock\n in key areas of negotiations and the impasse in the appellate body, \nwhich threaten the very existence of dispute settlement mechanism of the\n WTO and impacts the position of the WTO as an effective multilateral \norganisation,” commerce ministry said in a statement.<\/p>\n\n\n\n
The current\n situation has given rise to demands from various quarters to reform the\n WTO, it added. The 22 countries would also try to build consensus on \nhow to move forward on the WTO reforms, while preserving the \nfundamentals of the multilateral trading system, it said.<\/p>\n\n\n\n
“The \ndeliberations will aim at getting a direction on how to constructively \nengage on various issues in the WTO, both institutional and negotiating,\n in the run up to the Twelfth Ministerial Conference of the WTO to be \nheld in Kazakhstan in June 2020,” it added.\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"
India has convened a WTO\u00a0 ministerial meeting of 16 developing and six least developed countries starting Monday. Issues such as impasse on the appointment of WTO’s appellate body members and way forward on reforms at the global trade body would be discussed in the meeting of developing countries in New Delhi on May 13-14. The […]<\/p>\n","protected":false},"author":1,"featured_media":61274,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-61273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/61273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=61273"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/61273\/revisions"}],"predecessor-version":[{"id":61275,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/61273\/revisions\/61275"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/61274"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=61273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=61273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=61273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}