WTO needs to reassess the way it conducts its affairs, says Piyush Goyal

There is a need for the World Trade Organization (WTO) to reassess the way it has been conducting its affairs, Commerce and Industry Minister Piyush Goyal on Thursday said.

Speaking at the Confederation of Indian Industry’s Global Economic Policy Summit, the minister said developed countries linking WTO reforms, with special and differential treatment (S&DT) being provided to poor and developing nations, was “unfair”. “The developed world must give the developing world the policy space to develop their economies and meet the needs of billions of people in this interconnected world,” he said.

S&DT provisions under the WTO allow developing and poor nations