India rallied 51 countries at the World Trade Organization (WTO) on Wednesday to reject a US presidential memorandum, which had sought to deny special and differential treatment (S&DT) to developing countries in current and future trade agreements, said trade envoys. In response to the US presidential memorandum, India’s trade envoy and ambassador J.S. He denounced the concerted “attempt to divide developing countries" by the US on the use of S&DT provisions. “This will cause lasting and systemic damage to the multilateral trading system," he added. The “US President’s Memo of 26 July, 2019, thus strikes a death knell for the principle and practice of S&DT which will become extinct at the WTO," warned India.

Source: Mint October 17, 2019 18:00 UTC