New WTO rules may favour the US, denying India policy space2 min read . Updated: 25 Mar 2019, 10:36 AM IST
- USTR Robert Lighthizer working with WTO director-general to rewrite the organization’s rulebook
- US declared that developing nations can’t avail of special and differential treatment (S&DT)
GENEVA : India is facing a grave crisis in global trade as the US attempts to change the rulebook of the World Trade Organization by working “closely with the very-able director-general, Roberto Azevedo". According to trade envoys who spoke on condition of anonymity, the US has made it almost clear that it will effect far-reaching changes in the WTO rules so as to ensure that India and other developing countries are denied ‘policy space’ to address their specific trade needs.
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