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WTO: Positive outcome for India as it retains interest of farmers, poor

By Economic Times On 14 December 2017
 
WTO: Positive outcome for India as it retains interest of farmers, poor
 

The outcome of the eleventh ministerial conference (MC11) of the World Trade Organization (WTO) was a positive one for India as the country was able to secure the interests of its farmers as well food security for the poor, an official said on Wednesday after the talks concluded with no substantial legally binding declaration.

India was successful stopping any of the new issues like investment facilitation and micro, small and medium enterprises (MSMEs) from entering the ambit of the WTO.

Though there was no ministerial declaration, work programmes on issues like fisheries subsidies and e-commerce became the outcome of the four day meeting which culminated on Wednesday.

Work programmes are the guiding principles for an issue to move forward by the next ministerial while a ministerial declaration is a text with legal sanctity. In case a declaration is not there, it's replaced by the chair's statement which sums up the negotiations and the road ahead. The chair's summary is not legally binding.

 

 
Tag : WTO Farmers agriculture eCommerce
 
 
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