WTO: India wants differential treatment to continue for developing nations

Posted by Daily Shipping Times on 22-03-2018        Tweet

NEW DELHI: India pushed for continuing with the Special and Differential Treatment (S&DT) for developing countries at the World Trade Organization (WTO) even as countries sought expeditions and immediate resolution of the impasse in dispute resolution. “The need for all developing countries, including LDCs, to benefit from S&DT provisions in future trade agreements was emphasised in many interventions,” said Commerce and Industry Minister Suresh Prabhu in his concluding remarks as chair of the informal WTO Ministerial gathering recently.

Fifty three countries participated in the meeting — the largest mini Ministerial of all times - taking place in the wake of collapsed talks at the Ministerial conference in December and rising protectionism.

Many countries suggested that developing countries opt out of the S&DT and adopt a case by case approach to the provision.