The appellate body of the system had been non-functional since December 2019 due to the blocking of the appointment of its members or judges by the US and this had called into question the WTO's overall credibility and the rules-based trade order it upholds.
India, on Monday at the 12th Ministerial Conference of WTO, lodged a strong protest and voiced its disappointment over member countries limiting a proposal for waiver of patents on vaccines, drugs and equipment.
Ruling in favour of Brazil, Australia and Guatemala in their trade dispute against India over New Delhi's sugar subsidies, the WTO panel has stated that the support measures are inconsistent with WTO trade rules.
India Undertook Bevy Of Measures To Boost Trade During 2015-20: WTO
The national trade policy instruments include tariff, export taxes, minimum import prices, import and export restrictions, and licensing @wto/Twitter Outlook Web Bureau 2021-01-07T10:49:09+05:30 India Undertook Bevy Of Measures To Boost Trade During 2015-20: WTO outlookindia.com 2021-01-07T11:30:47+05:30
India has undertaken a range of measures to bolster its trade operations, according to the World Trade Organisation (WTO).
The Geneva-based organisations mentioned initiatives launched by India since 2015. These include simplification of procedures, customs clearances for imports and exports, the introduction of Indian Customs Electronic Gateway (ICEGATE), Single Window Interface for Facilitation of Trade (SWIFT), the Direct Port Delivery and the Direct Port Entry facilities; and the increased use of the Risk Management System (RMS).