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Inaugural Session of WTO Ministerial Meeting begins in New Delhi

Commerce Secretary, Dr.AnupWadhawan, welcomed senior officials of participating delegations from Developing and Least Developed Countries (LDCs) who are meeting in New Delhi over two days to discuss key issues and challenges facing the multi-lateral trading system. Speaking at the inaugural session, Commerce Secretary said that the existential challenges to the multilateral rules based trading system are manifestina spate of unilateral measures and counter measures, deadlock in key areas of negotiations and the impasse in the Appellate Body. The logjam in the Appellate Body is a serious threat to the dispute settlement mechanism of the WTO and the implementation function of the Organization. The fundamentals of the system are being tested through a tide of protectionism around the worldvitiating the global economic environment. The situation does not bode well for developing countries, including the LDCs..........................

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