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2-Day Informal WTO ministerial meeting to kickoff from today in New Delhi

Updated: Mar 19, 2018 05:39:56am
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2-Day Informal WTO ministerial meeting to kickoff from today in New Delhi

New Delhi, Mar 19 (KNN) Eyeing at building partnership with other member nations, New Delhi will be hosting a 2 day Informal World Trade Organisation (WTO) Ministerial meeting starting from today.

Ministry of Commerce and Industry informed about the meeting in an official release.

Representatives from over 50 countries are to be participate In the mini-ministerial.

“The informal meeting of ministers will provide an opportunity to engage in free and frank discussions with the hope that it will lead to political guidance on some major issues”, the Ministry informed.

In the absence of Ministerial guidance at the Eleventh Ministerial Conference (MC 11) that took place from 10 to 13 December 2017 in Buenos Aires, Argentina, it is hoped that the New Delhi meeting will provide an opportunity for ministers to explore in greater detail the options on different issues for re-invigorating the WTO, the release further said.

Safeguarding and strengthening the multilateral trading system was never as important as it is today, and the WTO is also facing systemic challenges, particularly its dispute settlement arm.

The informal meeting of ministers in New Delhi will provide an opportunity to engage in free and frank discussions leading to political guidance on some of the major issues, both at the negotiating table and also in other areas. (With PIB Inputs) (KNN/DA)

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