Bigger India

WTO Reforms: India Readies Counter To US, Set To Float Paper That Could Stir The Davos Pot

India’s reform paper comes in the wake of the US blocking the appointment of judges at the global trade watchdog for more than two years, accusing emerging economies including India and China of eating into the development rights of poorer nations, and insisting on penalising countries if they introduce or increase subsidies for domestic industry without reporting to the organisation.

India is likely to float a proposal aimed at reforming the dispute settlement mechanism, rule-making and transparency requirements at the World Trade Organization (WTO) on Friday. The proposal will be floated at the informal ministerial gathering at the ongoing World Economic Forum meeting in Davos.


Read it at Economic Times

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