13th Ministerial Conference (MC13) of the World Trade Organization (WTO) began in Abu Dhabi | Current Affairs | Vision IAS
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    13th Ministerial Conference (MC13) of the World Trade Organization (WTO) began in Abu Dhabi

    Posted 27 Feb 2024

    Updated 27 Mar 2024

    2 min read

    • Ministerial Conference (MC) is the topmost decision-making body of the WTO and usually meets every two years.
      • It brings together all members (countries or customs unions) of the WTO. 
      • It can decide on any matters under any of the multilateral trade agreements.

     

    • Key highlights of MC 13 
      • Comoros and Timor Leste acceded to WTO. 
      • India has opposed mixing non-trade topics (e.g. Gender, MSMEs) with WTO rules as it can lead to greater trade fragmentation. 
        • Additionally, such non-trade topics are already under discussion in other relevant international organizations. 
      • India also expressed serious concerns regarding increasing use of trade protectionist unilateral measures sought to be justified in the guise of environmental protection.

     

    • Other concerns of India associated with the WTO
    Issues India’s stand
    Plurilateral agreements
    • India opposed China-led Investment Facilitation for Development Agreement (IFDA) proposal as:
      • investment falls outside the mandate of WTO
      • India is against plurilateral pacts on multilateral platforms.
    Public stockholding (PSH) programme
    • India wants a permanent solution for the PSH programme. 
      • At present, developing countries' food subsidies are protected by the Bali peace clause (negotiated as a temporary solution). 
    Moratorium on customs duty on e-commerce
    • Since 1998, WTO countries have agreed to not impose customs duties on electronic transmissions covering both goods (such as e-books and music downloads) and services.
    • India opposes extension of this moratorium as it benefits developed countries at the cost of developing countries.
    • Tags :
    • World Trade Organization
    • 13th Ministerial Conference
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