India has raised concerns about ignoring key issues such as temporary waiver of intellectual property rights, fisheries subsidies, and food grains, in the draft agreements.
While India ramped up supplies of medical products to provide medical and health items globally, the WTO could not respond with alacrity, says Goyal.
A proposal submitted to the WTO says the body should permit a developing country member to export from acquired stocks for the purposes of international food aid.
India had called for a virtual ministerial meeting to discuss waiver of certain provisions of the TRIPS agreement for Covid-19-related pharmaceuticals.
The two countries have called for a minimum three-year waiver of TRIPS provisions for health products and technologies related to Covid-19.
Policy research institute RIS flags diverse approaches to data flow and privacy protection in major economies, says this can have implications beyond national boundaries
New Zealand Ambassador David Walker’s proposal may not find favour among developing country members, say experts.
India contests that the draft proposal, which will undergo changes till the last minute, completely ignores developing country concerns, like ensuring food security, in the wake of a pandemic.
World Trade Report comes ahead of WTO's 12th Ministerial Conference in Geneva during November 30-December 3.
While directly mum on inflation and growth, the RBI’s latest monetary policy report warns that Covid-19 would impact economic activity in India through lockdowns and slowing global trade and growth.
