Mini-ministerial meeting of WTO members to find ways to revitalise

Vastavam web: A mini-ministerial meeting of WTO members from both rich and developing nations to be called by India will seek to “revitalise” the multi-lateral trade body, Commerce Minister Suresh Prabhu said.A mini-ministerial meeting of trade ministers of some developed and developing countries is proposed to be hosted by India in February.About 40 WTO member countries are expected to participate in the meeting, which is taking place after collapse of the ministerial talks held in Buenos Aires in early December.

The meeting would be in the the backdrop of rich nations forming groupings to prepare ground for pushing new issues such as investment facilitation, preparing rules for e- commerce, promoting gender equality and reducing subsidy on fisheries.India has been keenly pushing agriculture issues at the World Trade Organisation (WTO). It has also been raising its voice against bringing new issues, especially those which are not directly linked to trade, on the negotiating table.The four-day conference in Argentina, which ended without a ministerial declaration or any substantive outcome, did manage to make some feeble progress on fisheries and e- commerce by agreeing to work programmes.