The meeting in Cameroon was not the first one to end without a declaration. However, the lack of collective political will to move things forward suggests that the organisation can fade into irrelevance
The moratorium, agreed at the dawn of the internet, lapsed for the first time in 28 years
The conference, held from March 26 in Yaoundé, brought together trade ministers and officials from across the WTO member countries for four days of negotiations
The IFD Agreement, backed by a group of WTO members, seeks to streamline investment-related procedures and improve transparency to facilitate cross-border investments.
India late on Friday night indicated to WTO members it would agree to an extension of two years, two senior diplomatic sources said
As part of WTO reform discussions, members are discussing guardrails and legal safeguards for plurilaterals before the integration of any specific plurilateral outcome, Piyush Goyal said.
The policy was first adopted in 1998 at the WTO's Second Ministerial Conference in Geneva as part of a declaration to encourage early digital trade growth.
In recent years, efforts by a group of countries to fold the E-Commerce Agreement into the WTO rulebook were twice blocked by dissenting members
Piyush Goyal said restoring confidence among members was essential to revitalise the WTO’s functioning
India is expected to take a firm stand on agriculture, oppose an e-commerce moratorium, which prevents countries from imposing customs duties on digital trade and push for WTO reforms
Rather than merely reacting to proposals put forward by others, India could help shape a reform agenda that balances development priorities with the need for a modern and effective trading system
A central fault line in the coming years will be whether MFN and consensus survive in their current form. There is credible reason to believe that a significant group of WTO members—including most major trading powers—may settle for their dilution
New Delhi should lower tariff and non-tariff barriers and ratchet up trade engagements with Asian neighbours to expand its export market
In August, the World Trade Organization (WTO) projected 0.9 per cent growth for 2025.
The huge potential of AI in catalysing trade and economic growth, globally and locally, was highlighted in two separate reports recently
IFD’s provisions are crafted to streamline administrative procedures, enhance transparency, and improve coordination among government agencies. India does not have to choose between sovereignty and openness. By adopting a calibrated middle path, it can reinforce its global reputation as a leader of the Global South
China raises concerns at the WTO over India’s app bans, while New Delhi cites security grounds for its stance.
India and the U.S. are likely to narrow differences over trade and levies as the former’s strategic position in the Indian Ocean will influence American foreign policy. However, WTO’s most favoured nation principle which accounts for more than 80 per cent of cross-border goods trade has experienced a severe setback
"However, higher tariffs over time will weigh on trade, bringing next year’s expected trade volume growth down to 1.8 percent from 2.5 percent previously," the WTO said in its update.
GTRI said that New Delhi's move reflects a broader shift: a willingness to assert itself within global trade rules to protect its economic interests.
A resumption of reciprocal tariffs would see merchandise trade growth contracting 1.5 percent in 2025; growth to take a hit
India’s delegation also suggested that WTO members consider organising a thematic workshop on DPI under the Work Programme on E-Commerce.
China faced a record number of WTO trade disputes in 2024 as its export surge fuelled global backlash, with both developing and advanced economies challenging its overproduction.
The Trump administration is retreating from global institutions it sees as at odds with his "America First" economic policies
Sanghnomics: US tariffs and China’s WTO misuse threaten the organisation’s credibility. India’s scepticism and failed WTO conferences reflect growing preference for plurilateralism over multilateralism, with China’s unfair practices, such as forced technology transfer and market barriers, exacerbating global trade tensions