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Countries agree to renew the e-commerce moratorium until next ministerial
Emphasisng the importance of securing their well-being, Goyal stated, "I think that India has successfully delivered on the issues that were our role and has achieved the outcomes that we expected"
On the 5th day of the ministerial meeting, most ministers had already gone home, although India's trade minister Piyush Goyal and European Trade Commissioner Valdis Dombrovskis remained until the end
The WTO talks failed to secure deals on other contentious trade issues including a crackdown on agriculture and fisheries subsidies
The meeting of the highest decision making body of the WTO on Friday entered the fifth day with key members including India, the US and EU holding talks to iron out differences on issues such as agriculture, fisheries subsidies, and duty moratorium on e-commerce trade. The 13h ministerial conference (MC), which was to end on February 29, extended for a day as developing and developed nations were unable to find a common ground on these key issues. The members are talking to end the impasse and so far things have not moved much, an official said. "There are nine countries in the Green Room meeting including Brazil and China. The negotiations have been extended as WTO chief Ngozi Okonjo-Iweala is pushing for outcomes," the official said. However, officials here are not sounding positive so far about bridging the differences and coming out with a ministerial declaration, which is a must for the success of the conference. India has clearly stated that finding a permanent solution to t
The final gathering, pushed back for a second time, is now set for 2 p.m. Abu Dhabi time - past the original end of Thursday evening
India also called for effective formalisation of the ongoing informal dispute settlement reform discussions among some member nations at the WTO, at the 13th ministerial conference (MC13) in Abu Dhabi
'Tough' politics complicate deal-making, says Ngozi Okonjo-Iweala, WTO chief
The global trading rules agreed at the conclusion of the Uruguay round of negotiations at Marrakesh in April 1994 that led to the establishment of the WTO have largely remained unchanged
WTO draft text proposes to 'agree, adopt' a binding framework until next meet
The 164-member body is seeking to agree on a response to the Covid-19 pandemic, a reduction of fishing subsidies, pledges on food security and the launch of an internal reform.
Despite making all the correct noises, the WTO members have failed to walk the talk as evident in divergent positions on food security
Here is why nations are converging in Morocco for the 2-day meet and what this means for trade