Key Points
Restoration of a fully functional dispute settlement system of the World Trade Organisation (WTO) is the topmost priority, India said Wednesday at the working session on Dispute Settlement (DS) Reforms at the WTO's 13th Ministerial Conference here..
New Delhi proposed a three-point action plan that included providing opportunity to members to bring in new proposals at any stage, transition the discussions on dispute settlement reforms to WTO formal bodies, and restoring the appellate body...
The appellate body of the system is defunct for more than four years as the US has been blocking the appointment of judges, leading to the EU suggesting a Multi-Party Interim Appeal Arbitration Arrangement (MPIA), which is an alternative system to resolve WTO disputes that New Delhi has opposed as such an arrangement undermines the multilateral trading system..
"India emphatically called for the restoration of the appellate body as the topmost priority of any reform process, along for effective formalisation of the ongoing informal dispute settlement reform discussions among some members at the WTO," the commerce and industry ministry said in a statement..
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