theIASHub | 08 Feb, 2024
Context: World Trade Organization (WTO) Ministerial Conference which is scheduled to take place in February 2024 in has drawn attention due to India's firm stance against linking issues such as environment, gender, and micro, small, and medium enterprises (MSMEs) with trade.
World Trade Organization (WTO):
oThe WTO oversees agreements covering goods, services, and intellectual property rights.
oKey agreements include the General Agreement on Tariffs and Trade (GATT), General Agreement on Trade in Services (GATS), and Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS).
oIndia opposes any work program or negotiation mandate on non-trade issues such as environment, gender, and MSMEs at the WTO's upcoming Ministerial Conference.
oSpecifically, India objects to linking MSMEs and gender with trade and opposes any future negotiations mandate in these areas.
oIndia maintains that labor and environment are non-trade issues and should not be discussed within the WTO framework.
oIt argues that erecting trade barriers under the guise of sustainable development is not acceptable.
oIndia suggests that non-trade issues be addressed in specialized forums such as the United Nations, rather than at the WTO.
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