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Protect special benefits for developing nations at WTO: Industry

These rules allow poor and developing nations to enjoy special provisions such as a longer time period to implement agreements and commitments, and clauses to safeguard their trade interests

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A move by richer nations to deny developing countries access to special trade benefits should be stopped swiftly at the World Trade Organisation (WTO), industry bodies told the government as a crucial trade meet kicked off in New Delhi. On Monday, the two-day WTO ministerial, industry bodies and exporters organisations have asked the government to push for India’s rights to the Special and Differential Treatment’ (S&DT) at WTO headquarters in Geneva. “In view of the wide diversity in the level of development among WTO membership, there is need for sufficient ...