(The Gist of PIB) WTO Ministerial Meeting of Developing Countries in New Delhi [MAY-2019]
(The Gist of PIB) WTO Ministerial
Meeting of Developing Countries in New Delhi [MAY-2019]
WTO Ministerial Meeting of Developing
Countries in New Delhi
- A WTO Ministerial meeting of developing countries is being hosted by
India in New Delhi on 13-14 May 2019.
- Sixteen developing countries, Six Least Developed Countries (LDC)(Argentina,
Bangladesh, Barbados, Benin, Brazil, Central African Republic (CAR), Chad,
China, Egypt, Guatemala, Guyana, Indonesia, Jamaica, Kazakhstan, Malawi,
Malaysia, Nigeria, Oman, Saudi Arabia, South Africa, Turkey, Uganda)and DG,
WTO are participating in the meeting.
- Ministers from Bangladesh, CAR and South Africa have confirmed their
participation. Vice Ministers, senior officials and ambassadors will be
representing other countries.
Key highlights of this meeting
- The two-day meeting will be interactive in order to provide an
opportunity to the Ministers to discuss various issues and the way forward.
- On the first day, there will be a meeting of senior officers of the
participating countries followed by a dinner hosted by Union Minister of
Commerce and Industry for the heads of delegations.
- On the 2nd day, the Ministerial Meeting will be held.
- The meeting is being held at a time when the multilateral
rule-based-trading system is facing serious and grave challenges.
- In the recent past, there have been increasing unilateral measures and
counter measures by members, deadlock in key areas of negotiations and the
impasse in the Appellate Body, which threaten the very existence of Dispute
Settlement Mechanism of the WTO and impacts the position of the WTO as an
effective multilateral organisation.
- The current situation has given rise to demands from various quarters to
reform the WTO.
- This meeting at New Delhi is an effort to bring together the developing
countriesand Least Developed Countries on a platform for sharing common
concerns on various issues affecting the WTO and work together to address
- The two-day meeting also provides an opportunity to the developing
countries and LDCs to build consensus on how to move forward on the WTO
reforms, while preserving the fundamentals of the multilateral trading
system enshrined in the WTO.
- The deliberations will aim at getting a direction on how to
constructively engage on various issues in the WTO, both institutional and
negotiating, in the run up to the Twelfth Ministerial Conference of the WTO
to be held in Kazakhstan in June 2020.