At WTO India Pushes For Unbiased Assessment of Trade Policies

India hosted a two-day WTO ministerial meet of 16 developing and 6 least developed countries at New Delhi from 13 May- 14 May. In the meeting, India highlighted the issue of WTO’s assessment of a country’s services trade.

  • India believes that the WTO’s assessment procedure of a country’s ‘services trade’ policies is biased towards developed countries and needs reform.
  • A study commissioned by the Commerce Ministry has found that the existing assessment system, Services Trade Restrictiveness Index (STRI), developed by the Organisation for Economic Co-operation and Development (OECD), has significant quantitative and qualitative flaws. It ranks India very high in terms ....
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