Business Standard

MC12 delay gives time for entrenched positions' review

The dispute settlement mechanism at the WTO is rendered dysfunctional by the failure of the United States to endorse the appointment of enough judges at the appellate body


TNC Rajagopalan
On Friday, the World Trade Organisation (WTO) indefinitely postponed its 12th Ministerial Conference (MC12) after the discovery of new Covid-19 variants led several governments to impose travel restrictions that would have prevented many trade ministers from reaching Geneva. The four-day meet was scheduled to start from Tuesday to review the functioning of the multilateral trading system, to find agreements on some critical trade issues and take decisions on the future work of the WTO. 

One of the main topics to be discussed at MC12 was the proposal to waive intellectual property rights for increased production of vaccines, an idea put forward
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First Published: Nov 29 2021 | 2:11 AM IST

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