Today: 23 August 2025
29 February 2024
2 mins read

India Tells WTO to Act on Past Decisions

India stated that the multilateral trading system stands at a crossroads today….reports Asian Lite News

India insisted that new issues should not be considered for ministerial mandates unless past decisions and unfulfilled mandates were acted upon.

India, during the discussions on Wednesday, stressed that the draft Abu Dhabi ministerial declaration that issues relevant to developing countries should find focus and prominence.

In the working session on development, India highlighted that historically, on the issue of development, there has been no dearth of promises made by developed countries, with each ministerial churning out lofty ideas.

“There have been many promises, but very little action, on account of which the vulnerabilities of the developing countries including the LDCs have only amplified further,” as per the official statement.

India stated that the multilateral trading system stands at a crossroads today. While the world is battling multiple crises such as debt and balance of payment, the WTO itself is confronting serious challenges both from within and outside.

“As a consequence, the developing countries, including the LDCs, are not only expending their limited resources fighting these global challenges but also defending their interests in this multilateral forum,” as per an official statement.

India emphatically stated that development is the goal and in fact, the very reason, why the developing countries, including LDCs, have joined this institution in the first place.

“Thus, it was imperative that the WTO prioritize, deliberate, and deliver solutions to the several challenges faced by developing countries, including LDCs. India recalled that the principles of special and differential treatment, which were facing attack from the developed members, were no exceptions to the general WTO rules, and in fact they were the inherent objectives of the Multilateral Trading System,” the statement mentions.

India asserted that in their journey of industrialisation, the developed countries have used and benefitted from all policy tools available and are still utilising them for their new industries, where many industrial policy measures are being taken. The irony was that now, these very same members were kicking the ladder away.

India said that developing countries urgently needed flexibilities in existing rules. Infant and young industries in developing countries needed support through conducive policies, incentives, subsidies and level playing field. (ANI)

ALSO READ: China Agrees to Rollover $2 Bn Debt for Pakistan

Previous Story

‘WPL Key for India Women’s Cricket Talent Hunt’

Next Story

Truth About Protein Powder and Weight Gain

Latest from -Top News

US sanctions more ICC judges

Washington hits at The Hague with fresh sanctions on four ICC judges and prosecutors, including French and Canadian officials, over probes targeting Israel and US actions abroad….reports Asian Lite News The United

UAE Wows Osaka!

The UAE Pavilion at Expo 2025 Osaka celebrates its three millionth visitor, blending culture, innovation, and hospitality in an immersive showcase of heritage, sustainability, and forward-looking global vision….reports Asian Lite News The

MBS & Sisi talk ties, Palestine

The two leaders reviewed the historic and strategic relations between Riyadh and Cairo and explored new ways to bolster cooperation…reports Asian Lite News Saudi Crown Prince and Prime Minister HRH Mohammed bin

Dubai’s startup supernova

Marking its 10th year, Expand North Star cements Dubai’s role as a global hub for digital innovation, uniting startups, unicorns, and investors to shape the future economy….reports Asian Lite News Expand North

Qatar: Syria’s stability key to region

Qatar, speaking for the Arab Group at the UN, urged unity and sovereignty for Syria as regional diplomacy, UN warnings, and fragile ceasefires highlight a precarious crossroads….reports Asian Lite News Qatar, speaking
Go toTop

Don't Miss

Hyundai India aims to bring ‘pump-to-plug’ revolution

The automaker has announced an investment of Rs 4,000 crore

Rajasthan leads investors’ roadshow in Saudi Arabia

The delegation impressed upon the investors and business leaders to