Moving Towards WTO Dispute Settlement Reforms
Key Points:
- India emphasized the urgent need for restoring the Appellate Body at the WTO Ministerial Conference in Abu Dhabi.
- The Appellate Body has been dysfunctional since December 2019, impacting the credibility of the WTO's rules-based trade system.
- India highlighted the essential role of a reliable dispute settlement system in maintaining a fair global trading framework.
- An informal reform process has been underway, but India proposed formalizing and multilateralizing it to be more inclusive and transparent.
- Why is the restoration of the Appellate Body crucial for the WTO, according to India?
- Discuss the challenges faced by developing countries in the informal dispute settlement reform discussions at the WTO.
- What three-point action plan did India propose for advancing the dispute settlement reforms at the WTO?
Strategies for Advancing Dispute Settlement Reforms:
India recommended transitioning the reform discussions to formal WTO bodies, prioritizing inclusivity, transparency, and consensus-building. The focus on restoring the Appellate Body was deemed essential for a functional dispute settlement system.
"A credible and reliable WTO DS system is the bedrock of an equitable, effective, secure, and predictable multilateral trading system." - India
Summary
India's strong advocacy for the restoration of the Appellate Body and formalization of the ongoing dispute settlement reform discussions at the WTO underscores the critical importance of a functional and inclusive global trade dispute mechanism.