India and South Africa blocked the inclusion of the China-led Investment Facilitation for Development (IFD) proposal in the outcome document of the 13th Ministerial Conference (MC13)
At the ongoing 13th ministerial conference of the WTO, India stressed that all policy options should be available for the WTO members to pursue for promoting digital industrialisation.
"Twenty-two more countries have applied for WTO membership, India will take a sympathetic view of their demands and will support as a leader of Global South," Goyal said while responding to ANI's question.
"India's stand is consistent, world need to see who is blocking the issues and why WTO working is not going on smoothly. It shows India is a consensus builder and we are playing important role in this regard but many countries are breaking the consensus," Goyal said on the third day of th
ndia on Wednesday blocked the China-led Investment Facilitation Development Agreement (IFD) in the World Trade Organization (WTO) and this would result in unlike mention of the proposal in the outcome document of the ministerial conference.
India has emphatically called for the restoration of the appellate body as the top-most priority of any reform process, along with the effective formalisation of the ongoing informal dispute settlement reform discussions among some members of the WTO
India stressed on Wednesday during discussions on the draft Abu Dhabi ministerial declaration that issues relevant to developing countries should find focus and prominence. India's proposals for discussions all kept this prioritization in mind.
The 'Trade-Sustain-AI' initiative seeks to leverage the rapidly advancing power of artificial intelligence in supply chains to boost the contribution of global trade to the battle against climate change.
India, on Tuesday, during the World Trade Organization (WTO) negotiation session on agriculture, made a strong and compelling argument to finalize the permanent solution to public stockholding (PSH) and deliver this outcome at MC13, as this has been pending for 11 years.
Mohamed Al Ashwwal, Minister of Industry and Trade of the Republic of Yemen, affirmed the significant and leading role of the United Arab Emirates in supporting and enhancing global trade, noting that its diligent efforts will contribute to the success of the thirteenth ministerial conferenc