India's Development-Focused Strategy for WTO MC14
Synopsis
Key Takeaways
New Delhi, March 25 (NationPress) At the forthcoming WTO Ministerial Conference (MC14), set to occur from March 26-29 in Yaounde, Cameroon, India plans to embrace a constructive, balanced, and development-focused stance, as announced by the government on Wednesday.
The delegation from India will be headed by Commerce and Industry Minister Piyush Goyal, accompanied by senior officials, technical experts, and representatives from various ministries.
The agenda will encompass discussions on WTO reform, the e-commerce work program and its moratorium, investment facilitation for development (IFD), fisheries subsidies, and agricultural and developmental concerns.
The ministry stated, "India’s participation in MC14 will remain constructive, balanced, and development-oriented."
“India will persist in advocating for meaningful WTO reforms that aim to enhance the multilateral trading framework, while prioritizing development issues,” the ministry further elaborated.
The nation will emphasize the importance of safeguarding food security, protecting the livelihoods of small farmers and fishers, and ensuring policy flexibility for developing nations, especially in emerging sectors like digital trade.
India has also highlighted the significance of a fair, open, and inclusive trading system grounded in non-discrimination principles.
“India has reiterated that non-discrimination remains a cornerstone of the WTO framework, as established in the Marrakesh Agreement," the ministry clarified.
Regarding fisheries subsidies, India aims to advocate for a balanced approach that promotes sustainability while also protecting the interests of small-scale fishers.
It has argued that nations engaged in extensive distant water fishing should assume greater responsibility.
“Concerning the e-commerce moratorium, India has pointed out the rapidly changing landscape of the digital economy, particularly with regard to emerging technologies, necessitating policy space for countries to effectively leverage these advancements,” it noted.
“India’s Free Trade Agreements (FTAs) align with WTO principles, reflecting its commitment to a rules-based multilateral trading system. Negotiations for numerous FTAs are currently in progress with partner nations,” the ministry concluded.