Two-day WTO ministerial meeting begins, talks to help Geneva negotiations


At this moment WTO is facing challenges both within and outside, he said.

World Trade Organisation chief Roberto Azevedo today called on Prime Minister Narendra Modi in New Delhi.

Two senior Indian trade ministry officials said a group of WTO members including China, Japan, India and South Korea are likely to protest against the US decision to raise import taxes. While the informal ministerial meeting has been organised by the government to break the impasse in global trade talks, a breakthrough is unlikely given that the three trade giants - the U.S., the European Union and China - are not represented by their trade chiefs and have instead sent the second in command, indicating the importance that they attach.

After the failure of the full-fledged Ministerial Meeting in Buenos Aires in December 2017 in delivering concrete results, India is hopeful that the informal meet in New Delhi will succeed in identifying ways in which the global trade talks could be re-vitalised. "We will try to have an honest conversation at the informal WTO meeting here", said WTO Director General Roberto Azevedo.

"The US wants some upgrade and reforms (in the WTO) and the conversations with the US are going on", he said.

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We are not in a hurry. "Many more parties will be part of the discussions", she said about the formation of the federation front. TRS MP K Kavitha said the Chief Minister has made a decision to form an alternative front to uplift the farmers.

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Some local industries have suggested the government seek an exemption alongside other US allies instead of raising complaints with the WTO.

"The WTO has been a disaster for this country, for our country", Mr. Trump said on March 1, while speaking at an interaction with steel and aluminium industry representatives. "But bad for the United States".

In fact, the Trump administration has taken the debate to a different level and suggested that countries such as India and China should not get the same treatment as poorer developing countries.

The US has been blocking the appointment of members of the WTO's appellate body, which experts say could render it incapable of resolving disputes arising out of Washington's decision to raise tariffs and impose other protectionist measures.

Meanwhile, Washington has raised complaints at the WTO against India's export subsidies, estimated to be $7 billion a year, which it claims flout multilateral trading rules.