New Delhi mini-ministerial meet helped in re-starting talks: WTO chief

Image
Press Trust of India New Delhi
Last Updated : May 09 2018 | 9:05 PM IST

India's initiative to organise a mini-ministerial meeting of the World Trade Organisation has helped in re-starting talks on various issues in Geneva, WTO chief Roberto Azevedo has said.

Following collapse of talks in Argentina in December 2017, India organised a mini-ministerial meeting of about 45 WTO members here on March 19-20 to revitalise the multi-lateral trade body.

Appreciating India's initiative, the World Trade Organisation (WTO) Director General in a letter to Commerce and Industry Minister Suresh Prabhu said: "Following the meeting in New Delhi, WTO members have now started conversations on many different issues".

The meeting, he said, has provided a great opportunity for the trade ministers to have a frank assessment of the results of eleventh Ministerial Conference, highest decision making body of the WTO, and discuss "our future work at the WTO".

"India has been one of the most important partners of the WTO and a strong supporter of the multilateral trading system, as once again evinced by the convening of this mini-ministerial meeting," he added.

This was the second mini-ministerial meeting being hosted by India. The first was in 2009.

The objective of the meeting was to initiate a free and frank discussion on various key issues and challenges facing the Geneva-based WTO.

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.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: May 09 2018 | 9:05 PM IST

Next Story