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| Use mini-ministerial to create support for revitalising WTO, FICCI tells government | Writer | Admin | |||
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| Industry association FICCI has asked the government to use the opportunity of the Word trade Organisation's mini ministerial in New Delhi to strengthen multilateral trade ties and end the deadlock in appointments to the appellate body for dispute settlement. The appellate body for the resolution of trade disputes will no longer have the required quorum of 3 members on December 10 unless new members are appointed. India is hosting 22 members of the WTO in New Delhi for a meetings on key issues of international trade. “It (strengthening of multilateral trade ties) will help in effectively countering attempts by some countries to dilute the importance of multilateralism and weaken the WTO,” said Sandip Somany, President - FICCI adding that the WTO as an organisation had been under severs stress amid rising trade tensions. |
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