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  • Union Minister Suresh Prabhu addresses WTO ministerial meeting

    Published on May 13, 2019

    Union Commerce and Industry Minister Suresh Prabhu today stressed the need to find a way to successfully address conflicting interests, motives and ideologies to preserve and strengthen  Multilateral Trading System.

    Addressing the  World Trade Organization’s Ministerial Meeting of Developing Countries in New Delhi, Mr Prabu said, Multilateral Trading System is a collective responsibility and the countries have a stake in it.

    He said the principles of non-discrimination, predictability, transparency, the tradition of decision-making by consensus and the commitment to development, underlying the multilateral trading system, are too valuable to lose.

    He said, there is a need to explore ways to address the substantive issues and concerns regarding the functioning of the Appellate Body while preserving its independence and impartiality.  Mr Prabhu also said it is essential that the collective view of as many developing countries as possible is formally articulated in their submissions on WTO reforms.