India at the WTO’s Twelfth Ministerial Conference (MC12)– #2/ June 2022

Overview

With two days to go for the Twelfth WTO MC12, global attention will soon shift to Geneva to see whether the WTO can deliver on pressing global trade issues. MC12 will be held in the backdrop of conflict, severe debt distress, rising food and oil prices and volatility in the global commodity markets. From India’s perspective, some of the most important issues requiring an urgent resolution include first, a WTO intellectual property-based response to the pandemic; second, a permanent resolution of the issue of Public Stockholding (PSH); third, the culmination of the negotiations on fisheries subsidies; and fourth, lifting the moratorium on customs duties on electronic transmissions. This edition of ONW captures news and developments at the WTO and perspectives on trade-related issues.