Officials of the World Trade Organization (WTO) and those from India, led by Union Commerce Minister Piyush Goyal, have hailed the breakthrough compromise that appears to have breathed life into the otherwise moribund governance structure of global trade. In their first set of major agreements for seven years, the countries at the WTO (they operate on the basis of consensus, meaning that any member-country can veto a deal) in Geneva came to a decision on issues as varied as patent protections for vaccines, fishing subsidies, and digital trade. India had to significantly soften its objections on several of these issues, but nevertheless claimed victory in post-agreement press briefings.
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