New WTO rules may favour the US, denying India policy space - News Summed Up

New WTO rules may favour the US, denying India policy space


The US proposal to deny S&DT, India warned on 28 February, “can cause lasting damage to the multilateral trading system." S&DT enables developing countries like India to take commensurate trade commitments based on their economic capacity. But the US turned a deaf ear to the calls from India and a large majority of developing countries about the denial of S&DT. Ambassador Lighthizer accused the WTO for having transformed into a “litigation forum" with its dispute settlement system for resolving global trade dispute having breached its mandate. The WTO members had established a facilitator to address the specific issues raised by the US early this year.


Source: Mint March 24, 2019 19:30 UTC



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