World Trade Organization

Amid political criticism, the India-US trade pact highlights how lower tariffs and deeper reforms could lift productivity and growth, if intent turns into binding change

Commerce Secretary Rajesh Agrawal on Friday held meetings with WTO chief Ngozi Okonjo-Iweala in Geneva and discussed issues pertaining to the forthcoming ministerial conference in Cameroon. The 14th ministerial conference (MC14) is scheduled at Yaounde, Cameroon, from March 26-29 this year. The conference is the highest decision-making body of the 166-member World Trade Organization (WTO). "Discussed key priorities for making MC14 a positive, balanced and inclusive Ministerial. Highlighted India's continued commitment towards constructive engagement with WTO Members for strengthening rules based MTS (multi-lateral trading system)," said a social media post by the Permanent Mission of India at WTO, Geneva. The Commerce Secretary also met with Permanent Representatives and Ambassadors of various developing countries and discussed key issues in the context of MC14. This was the first official engagement of Agrawal with WTO chief in Geneva after becoming commerce secretary. Besides ..

Topics scheduled for discussion include protecting scientific freedom, the future of the internet, mental health, and geopolitical risk outlook for 2026, among others

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Commerce and Industry Minister Piyush Goyal has said India is willing to play a leadership role in driving WTO reforms, but emphasised that the nature of those reforms must be shaped in consultation with developing and least-developed countries to ensure they serve global welfare rather than the agenda of a few advanced nations. He said the world recognises India's strength and leadership and the country is a responsible global citizen and it will continue to be the voice of the Global South. "We would love to lead reforms (at the World Trade Organization). But that reform will be decided in consultation with other developing and less developed countries, so that we can truly work for the welfare of the world and not just the agenda of a few developed nations," he said. The minister was here to participate in the CII Partnership Summit 2025. Goyal was replying to a question on remarks made by WTO Director-General Ngozi Okonjo-Iweala that India should take a leadership role in the

World Trade Organisation Chief Ngozi Okonjo-Iweala on Friday said India should be a leader of the reform process at the WTO. She said that India's economy is growing at a healthy pace and it is a leader in areas such as technology. She said that there is a need to look at areas in the WTO which are not working and discuss ways to correct that. "How can we correct that and here India can be a leader, India should be a leader of the reform process at the WTO...we must correct all wrongs," Director-General of the World Trade Organisation (WTO) Ngozi Okonjo-Iweala said here at CII's partnership Summit 2025. Referring to high tariffs imposed by the US, she said the member nations should pay attention to the concerns flagged by America. India too has flagged concerns on issues like public stockholding, she said adding repeating past grievances will not help to build a strong global trading system. She appealed to all the members of the WTO to work together to strengthen the global trad

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The longstanding dispute centres on India's imposition of tariffs on information and communication technology (ICT) goods

Director-General Ngozi Okonjo-Iweala said, I am deeply concerned by the uncertainty surrounding trade policy, including the US-China stand-off

The consultation on steel and aluminium safeguard measures is the first case involving India and the US at the WTO

The Chinese spokesperson said the Asian nation is hopeful of working with the US to resolve differences through dialogue

Piyush Goyal blamed China for the current global crisis, adding that China's entry into the WTO in the 1990s and early 2000s was a turning point

Since the US has announced the imposition of reciprocal tariffs, their markets are down, and there are fears that inflation will increase