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The commerce ministry has convened an inter-ministerial meeting on May 18 to hold consultations on issues that are likely to figure prominently in the forthcoming meeting of the highest decision-making body of the World Trade Organisation (WTO) in Geneva next month, an official said.
The 12th ministerial conference of the WTO is scheduled from June 12-15 in Geneva. The 164-member multilateral body frames global trade rules and adjudicates trade disputes among member nations.
Issues which are expected to figure in the meeting includes a proposed agreement on fisheries subsidies; agriculture; digital trade or e-commerce; WTO's response to pandemic including TRIPS (trade related aspects of intellectual property rights) waiver; Joint Statement Initiative (JSI) matters like trade and gender, trade and MSME; reforms in the WTO like appellate body crisis, special and differential treatment.
JSI is a negotiating method started by a certain group of WTO member countries on some specific issues without following the rule of consensus decision-making, which involves all the members of the WTO.
Source: The Economic Times
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