Key Points
, as it saw this as an attempt to rewrite the rules, which provide a special dispensation to developing and least developed countries in implementing various agreements, including reducing subsidies or duties...
"Our objective should not be to create layers of special and differential treatment by socio-economic segments...
The comments come days after WTO chief Ngozi Okonjo-Iweala said "poor countries, poor people in rich countries and marginalised people in communities, including women, did not benefit as much from the first wave of globalisation", while advocating "re-globalisation" to help these people...
"Any discussion on reforming WTO must incorporate development at its core, to be decided through a precise, transparent and inclusive process, upholding the basic principles and objectives of WTO, particularly consensus-based decision-making and special and differential treatment," commerce & industry minister..
He also highlighted the need to address the issue of public stockholding, where India wants the rules to be reworked to ensure that its procurement programme is not affected, and called for ensuring that interest of Indian fishermen are not affected by the new agreement being discussed here..
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