This would be an informal meeting of the WTO members and India is expecting representatives from every country in the deliberations, besides Director General of the World Trade Organisation (WTO), Roberto Azevedo.
"Members would be discussing issues which are creating hurdles in progress of negotiations in the multi-lateral body," the officials said.
Also Read
The meeting would try to find out a common ground for taking multi lateral negotiations, which hit a road block at Buenos Aires in December last year, forward.
"India would also seek guidance of the member nations on how to move forward on the issues of agriculture and services," the official said adding the effort would be to have an interactive deliberations to ensure free flow of ideas.
At the end of the meeting, there would be a chair's summary, which reflect the discussions and agenda on which there would be near consensus. As host, Indian commerce minister Suresh Prabhu will be the chair.
Key WTO trade ministries from both rich and developing economies are expected to particpate. Besides, representatives have also been invited from the European Union, Australia, New Zealand and several African countries.
The meeting has been convened by India in the aftermath of failure of the trade talks at Buenos Aires last year on account of differences among the members of the World Trade Organisation.
India has been keenly pushing agriculture issues and has also been raising its voice against bringing new issues, especially those which are not directly linked to trade, on the negotiating table.
The talks at the WTO's 11th ministerial conference collapsed after the US went back on its commitment to find a permanent solution to the public food stockholding issue, a key matter for India.
The four-day conference in Argentina, which ended without a ministerial declaration or any substantive outcome, did manage to make some feeble progress on fisheries and e- commerce by agreeing to work programmes.
A dejected Azevedo expressed disappointment over the way the negotiations progressed and called for soul-searching among the member countries.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)