Key Points
India has called for starting formal negotiations by WTO members to reform the dispute settlement body of the World Trade Organisation, as the present informal deliberations are creating hindrance for several nations to participate in the talks, an official said..
The official added that formal talks on the subject can help in arriving at some kind of consensus by the 13th ministerial conference (MC), the highest decision making body of the WTO, in Abu Dhabi in February next year...
The issue came up for discussion during a recent meeting of senior officials of WTO members in Geneva last week..
India stated that if you want to maintain the WTO's credibility, we need to talk on this," the official said.. WTO's dispute settlement body (DSB) is one of the important arms of the 164-member Geneva-based body..
The US has been repeatedly blocking any proposed decision to commence the appointment of Appellate Body members," Kapuria said.. There are two main ways to settle a dispute once a complaint has been filed in the WTO - the countries find a mutually agreed solution, particularly during the phase of bilateral consultations; and through adjudication which includes ruling by a panel and if not satisfied, challenging that ruling at the appellate body...
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