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On trade, Delhi G20 improves over the Bali declaration

It is near certain that the United States is reluctant to clear the way for appointment of members to the appellate body and thus revive the dispute settlement mechanism at the WTO

A view of the Bharat Mandapam, where Session 1 of the G20 Summit is being held, in New Delhi on Saturday.
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A view of the Bharat Mandapam, where Session 1 of the G20 Summit is being held, in New Delhi on Saturday.

TNC Rajagopalan

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By all accounts, the G20 meet in New Delhi was a success as all the leaders agreed to a joint declaration. While the wordings on the Russia-Ukraine war got a lot of attention, there are important wordings in the declaration on trade-related issues that deserve to be welcomed.
 
In the declaration following the meeting of the G20 leaders last year at Bali, Indonesia, there was no mention at all about reviving the moribund dispute settlement system at the World Trade Organization (WTO). This year, the G20 declaration says that the leaders remain committed to conducting discussions with a view to
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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