Important International Institutions, Agencies And Their Structures, Mandate. Flashcards

1
Q

WTO recent issues other than its appellate body not being appointed by usa

A
  1. No solution has been reached on stock holding for food security even after a clear mandate in Nairobi ministerial conference
  2. Countries disagree on need of waving of covid 19 related medical products
    As trips waver off demanded by African countries
  3. Wto close to signing a deal on regulating irrational subsidies provided for fishing that has lead to over exploitation of marine resources by countries like china
  4. Development of plurilateral trade agreement like comprehensive and progressive agreement for trans pacific partnership CPTPP AND RECP converting WTO to institutional zombie

India has said it wants a rule based global order it believes in institutional multilateralism would be the ideal antidote to unilateralism and economic nationalism
WTO is the only forum where countries not party to such plurilateism can push for evolving an inclusive global trading order.

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