WTO negotiations: India secures multilateral victory, upholds principles of fair trade devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.
India, along with South Africa, achieved a significant breakthrough in World Trade Organization (WTO) negotiations on domestic service regulations. After objections to certification requests for updated General Agreement on Trade in Services (GATS) schedules, India withdrew objections following consultations. India emphasized adherence to multilateral processes, ensuring non-discrimination principles.
The US blocks WTO appointments, hindering negotiations and voice of Least Developed Countries. India s Joint Statement Initiative on Services Domestic Regulations benefits developing countries.
Amid pressure, New Delhi said that at least five outcomes were in place at the World Trade Orgnaisation MC13, including new disciplines on services domestic regulation. The developing countries are facing demands from richer nations regarding environment, labour, and gender issues.
India will oppose a move by a China-led group to push investment agenda as a trade issue at the World Trade Organisation (WTO), ask discontinuation of customs duty moratorium on e-commerce trade and support domestic regulations on services. | Latest News India