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To save the WTO system, India must pick its fights

On OPAs, and on commencing a dialogue in the WTO on trade and industrial policy and trade and environment, it is time for India to consider the need for change.

Delegates attend the 13th World Trade Organisation Ministerial Conference in Abu Dhabi of February 26, 2024. The world's trade ministers gathered in the UAE on February 26 for a high-level WTO meeting with no clear prospects for breakthroughs, amid geopolitical tensions and disagreements. (AFP)
Published on Mar 12, 2024 10:04 PM IST

WTO is hanging on to life, but just barely

13th Ministerial Conference was unable to lift the air of pessimism around the future of the multilateral trading system

Delegates attend the 13th World Trade Organisation Ministerial Conference in Abu Dhabi of February 26, 2025. The world's trade ministers gathered in the UAE on February 26 for a high-level WTO meeting with no clear prospects for breakthroughs, amid geopolitical tensions and disagreements. (AFP)
Published on Mar 07, 2024 12:56 AM IST

Need to reflect on WTO’s mandate

It is increasingly failing to make the global trade regime equitable and rules-based

Director-General of the World Trade Organization (WTO) Ngozi Okonjo-Iweala and President of Comoros Azali Assoumani chat after signing the agreement for the Comoros accession to the WTO during the 13th WTO Ministerial Conference in Abu Dhabi of February 26, 2024. The world's trade ministers gathered in the UAE on February 26 for a high-level WTO meeting with no clear prospects for breakthroughs, amid geopolitical tensions and disagreements. (Photo by Giuseppe CACACE / AFP)(AFP)
Published on Mar 04, 2024 08:07 AM IST
ByHT Editorial

India, US at loggerheads over WTO reform at Abu Dhabi talks

India, US at loggerheads over WTO reform at Abu Dhabi talks

HT Image
Published on Feb 29, 2024 12:44 AM IST
AFP |

US, India agree to resolve last outstanding WTO dispute over poultry import

As part of the agreement, India agreed to reduce tariffs on certain US products such as frozen turkey and duck, alongside fresh blueberries and cranberries.

Prime Minister Narendra Modi meets United States President Joe Biden on the sidelines of the G20 Summit, in New Delhi on Friday.
(Joe Biden-X)
Published on Sep 08, 2023 11:27 PM IST
AFP |

Build three new pillars for robust India-US ties

There is a need for a stronger economic architecture, including a Bilateral Investment Treaty and a Digital Services Agreement, to further boost investment.

GE Aerospace signed a highly anticipated memorandum of understanding (MoU) with HAL during Prime Minister Narendra Modi’s state visit to the US (Arindam Bagchi Twitter)(HT_PRINT)
Published on Jul 14, 2023 09:39 PM IST

Supporting plurilateral negotiations for multilateral trade liberalisation

This paper has been authored by Anwarul Hoda from ICRIER.

World Trade Organization (WTO) in Geneva, Switzerland.(REUTERS)
Published on Apr 14, 2023 01:44 PM IST
ByHindustan Times

WTO approves package of trade deals, prompting cheers

Representatives of the 164 countries cheered after the package was passed before Director-General Ngozi Okonjo-Iweala addressed them early on Friday.

World Trade Organization Director-General Ngozi Okonjo-Iweala delivers her speech during the closing session of a WTO Ministerial Conference .(Reuters)
Published on Jun 17, 2022 09:19 AM IST
Reuters |

EU resists patent waiver on Covid-19 vaccines, submits three-part plan to WTO

A surprise US shift in May to support a waiver heaped pressure on remaining opponents, such as the European Union and Switzerland that are home to many drugmakers.

The EU contends that a waiver would not boost production and presented a three-part plan.(AFP)
Published on Jun 04, 2021 07:24 PM IST
Reuters | , Brussels

Chances of patent waiver on Covid-19 vaccines seen as remote as WTO talks resume

Negotiations will reopen at the WTO on Monday and will focus on a highly anticipated revised draft submitted by India, South Africa and dozens of other proponents last week.

Due to the need for the WTO's 164 members to agree by consensus, any one country could block a lifting of the waiver, creating what one delegate called a
Updated on May 31, 2021 05:27 PM IST
Reuters | , Geneva

Develop vaccines against Covid-19 in Africa, Latin America: WTO

On the eve of a global health summit in Rome, WTO Director-General Ngozi Okonjo-Iweala told European Union legislators on Thursday that normal market forces for exports and imports can't apply when it comes to the life-or-death issue of Covid-19 vaccines.

WTO Director-General Ngozi Okonjo-Iweala says the world has the capacity to manufacture 5 billion vaccine doses overall but as the virus has spread “we require twice and three times that.(Reuters file photo)
Updated on May 21, 2021 12:04 AM IST
AP | | Posted by Harshit Sabarwal, Brussels

Experts believe Covid-19 vaccine waiver won’t boost supply quickly. Here's why

As the second wave of Covid-19 ravaged India’s healthcare system, calls to waive patent protections for vaccines gained momentum.

India has administered at least one dose of the Covid-19 vaccine to less than 10 per cent of its population.(Reuters)
Published on May 07, 2021 05:31 PM IST
By | Edited by Kunal Gaurav, Hindustan Times, New Delhi

Germany rejects US proposal to waive patents on Covid-19 vaccines

President Joe Biden on Wednesday voiced support for a waiver in a sharp reversal of the US position, and his top trade negotiator, Katherine Tai, swiftly backed negotiations at the WTO.

Germany said the main factors in vaccine production are capacity and quality standards, and not patents.(Reuters)
Published on May 06, 2021 09:55 PM IST
Reuters |

12 Republican lawmakers urge Biden admin to not support India's proposal at WTO

India and South Africa's proposal is to temporarily waive some Trade-Related Aspects of Intellectual Property Rights (TRIPS) rules amid the coronavirus pandemic.

Some Congressmen claimed that Prime Minister Narendra Modi pressed US President Joe Biden to support the waiver during a phone call in early May.(AP File Photo)
Updated on May 05, 2021 05:58 AM IST
PTI | | Posted by Prashasti Singh, Washington

Merchandise exports stay robust

India’s trade deficit rose to a four-month high of $15.33 billion in the month of April

Merchandise exports rose at a record 197% to $30.21 billion in April, while merchandise imports increased 166% to $45.45 billion.
Published on May 03, 2021 01:10 AM IST
ByAsit Ranjan Mishra, New Delhi

US hints at 'way forward' on TRIPS proposal moved by India, South Africa

The proposal was moved by India and South Africa at the WTO in October last year

The Biden administration has been under mounting pressure from its own Democratic lawmakers in the House of Representatives and the Senate. (Melina Mara/The Washington Post via AP, Pool)(AP)
Updated on May 03, 2021 01:00 AM IST
ByYashwant Raj, Washington

Democrat senators write to Biden supporting India's TRIPS waiver proposal

The development comes a day after at least 108 members of the US Congress wrote to President Joe Biden urging him to support a proposal, moved by India and South Africa at the WTO last year, seeking a temporary waiver of the Trade-Related Aspects of Intellectual Property Rights for Covid-19 vaccines, therapeutics and related technologies.

TRIPS waiver will help all, 10 Democratic senators and 108 Congress members have written to US President Joe Biden. (PTI File photo)
Updated on May 02, 2021 10:31 AM IST
By, New Delhi

108 US Congress members urge Joe Biden to support TRIPS waiver

“This waiver is vital to ensuring sufficient volume of and equitable access to Covid-19 vaccines and therapeutics around the world,” they wrote in the joint letter.

Those who signed the letter include members of the progressive wing of the Democratic Party like Pramila Jayapal. (Mandel Ngan/Pool via AP, File)(AP)
Updated on May 02, 2021 04:38 AM IST
ByYashwant Raj, , Washington/new Delhi

'Disappointed': WTO chief Okonjo-Iweala on EU vaccine export restrictions

Under the scheme, companies must get authorisation before exporting Covid-19 shots and may have export requests denied if they do not respect their supply commitments with the EU.

WTO chief Ngozi Okonjo-Iweala speaks during an interview.(REUTERS / File)
Published on Mar 23, 2021 09:24 PM IST
Reuters | , Geneva

China rakes up India’s ban on apps, FDI curbs at WTO

China said it acknowledges India’s efforts to enhance competitiveness in manufacturing and services sectors through ‘Make In India’ and ‘Digital India’ initiatives but remains concerned that some of the measures are not consistent with WTO principles.

China made such comments during a discussion on India’s trade policy at the World Trade Organization.(AFP)
Published on Mar 09, 2021 05:57 AM IST
ByAsit Ranjan Mishra, New Delhi

Countries urge WTO to destroy US intellectual rights on any Covid-19 innovations

In the letter, Senators Mike Lee, Tom Cotton, Joni Ernst and Todd Young urged Biden to reject the upcoming proposal at the WTO.

“The Covid-19 pandemic knows no borders and the need for vaccine development and dissemination across the globe is critically important. The TRIPS waiver raised by India and South Africa at the WTO would help the global community move forward in defeating the scourge of Covid-19 by making diagnostics, treatments, and vaccines available in developing countries,” Congressman Rosa DeLauro,(REUTERS)
Published on Mar 06, 2021 01:14 PM IST
PTI | , Washington

New WTO chief pushes for vaccine access, fisheries deal

Director-General Ngozi Okonjo-Iweala, a Nigerian economist and former government minister, donned a mask and doled out welcoming elbow bumps as she took up her job at WTO headquarters on the banks of Lake Geneva.

Okonjo-Iweala, 66, is both the first woman and the first African to serve as the WTO's director-general.(via Reuters)
Published on Mar 01, 2021 11:41 PM IST
AP | | Posted by Harshit Sabarwal

WTO's first female director-general arrives for 1st day on job

Ngozi Okonjo-Iweala, 66, a Nigerian economist and former government minister, donned a mask as she made brief comments to reporters on way into the imposing building on the shores of Lake Geneva on Monday.

“I am coming into one of the most important institutions in the world and we have a lot of work to do,” Ngozi Okonjo-Iweala said.
Published on Mar 01, 2021 03:57 PM IST
AP | , Geneva

African Union backs India's call to waive IP rights on Covid-19 drugs

South Africa and India, which both manufacture drugs and vaccines, made the proposal at the WTO last year, arguing that intellectual property rules were hindering the urgent scale-up of vaccine production and provision of medical products to some patients.

A woman receives a dose of the Pfizer/BioNTech Covid-19 vaccine during the first rollout of vaccinations in Australia at the Castle Hill Medical Centre in Sydney on February 21, 2021. (Photo by STEVEN SAPHORE / AFP)(AFP)
Published on Feb 25, 2021 05:42 PM IST
Reuters | , Johannesburg

57 countries back India's demand for IPR waiver on Covid-19 vaccine: Goyal

In October of last year, India and South Africa proposed a TRIPS waiver for all WTO members to allow greater access to affordable Covid-19 healthcare facilities

At Ficci’s International Conference on Pharmaceutical & Medical Device Sector, Piyush Goyal also said that developed countries are under pressure. REUTERS/Denis Balibouse(REUTERS)
Published on Feb 25, 2021 02:49 PM IST
By | Edited by Ayshee Bhaduri, Hindustan Times, New Delhi

WTO may consider India's proposal regarding IPR waiver on Covid-19 vaccines

If India succeeds in getting the proposed waiver of the agreement on TRIPS, it will reduce the cost of vaccines substantially and enable free flow of medicines, easy technology transfer across the world.

India, which is often described as 'World Pharmacy' is supplying vaccines to more than 70 countries on a humanitarian and commercial basis, is spearheading the move to get a TRIPS waiver at the WTO.(AFP/For Representational Purposes)
Published on Feb 25, 2021 10:43 AM IST
ANI | , New Delhi

EU to push for greener trade policy, reform at WTO

"Trade policy must fully support the green and digital transformations of our economy and lead global efforts to reform the WTO," EU Executive Vice President Valdis Dombrovskis said.

Published on Feb 18, 2021 06:35 PM IST
AFP |

Ngozi Okonjo-Iweala, new WTO head 'loved' despite mixed record

The development economist spent a quarter-century at the World Bank, rising to be managing director and running for the top role in 2012.

Nigeria's Ngozi Okonjo-Iweala was appointed February 15, 2021, as the first female and first African head of the World Trade Organization.(AFP)
Published on Feb 15, 2021 08:53 PM IST
AFP |

Nigeria's Ngozi Okonjo-Iweala makes history as head of WTO

A self-declared "doer" with a track record of taking on seemingly intractable problems, Okonjo-Iweala will have her work cut out for her at the trade body.

Ngozi Okonjo-Iweala ran against seven other candidates by espousing a belief in trade's ability to lift people out of poverty.(AFP)
Published on Feb 15, 2021 08:43 PM IST
Reuters | , Geneva

South Korea's trade minister drops bid to become WTO chief

South Korea’s Ministry of Trade, Industry and Energy said in a news release Friday that its minister for trade, Yoo Myung-hee, will soon tell the WTO she is withdrawing her candidacy.

Yoo is dropping her bid to become the next director-general of the World Trade Organization, making it highly likely that the job goes to former Nigerian finance minister Ngozi Okonjo-Iweala, who would become the first woman to lead the organization.(AP)
Published on Feb 05, 2021 03:31 PM IST
AP | , Seoul
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