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Carbon tariffs

India's attitude at the WTO needs to be constructive

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The world’s CO2 emissions peaked just prior to the onset of the Covid-19 pandemic, then in 2020 registered the biggest annual decrease since at least 1965, according to data from BP Plc. (Photo: Bloomberg)

Business Standard Editorial Comment Mumbai
The 12th Ministerial Conference of the World Trade Organization (WTO) is fast approaching. It is to be held from November 20 onwards in Geneva, and will focus on a new agreement regarding fishing subsidies; progress on pandemic-related intellectual property issues and trade restrictions; and questions on how to incorporate climate change-related issues into trading norms. Of course, broader questions about WTO reform, including fixing the broken dispute settlement system, will never be off the radar. India is being seen as a broad impediment to addressing many of these questions; the WTO’s secretary-general visited New Delhi last month, and United States