TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Mamata's Misplaced Outrage: Bengal Burns While She Cries for Delhi

    Mamata’s Misplaced Outrage: Bengal Burns While She Cries for Delhi

    Pakistani Cousin Marriages Flood UK with Birth Defects

    Pakistani Cousin Marriages Flood UK with Birth Defects, 3% Community Blamed for 33% Cases

    Congress Infighting Continues: Karti Criticizes Siddaramaiah’s Chicken & Egg Rice Scheme for Stray Dogs

    Congress Infighting Continues: Karti Criticizes Siddaramaiah’s Chicken & Egg Rice Scheme for Stray Dogs

    Rajiv Gandhi's PMO was 'Den of Spies'

    Rajiv Gandhi’s PMO Was Infiltrated by Foreign Spies, Alleges BJP’s Nishikant Dubey

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Namibia Bets on Indian Tech: How UPI Will Revolutionise Its Economy and Boost India's Global Digital Clout

    Namibia Bets on Indian Tech: How UPI Will Revolutionise Its Economy and Boost India’s Global Digital Clout

    Opportunities for Youth in a Changing India

    Opportunities for Youth in a Changing India: Global Investment Expert Manu Seth Shares Insights

    Simple Legal Steps to Protect Your Brand in India

    Simple Legal Steps to Protect Your Brand in India

    Indian-Origin Tesla CFO Vaibhav Taneja Appointed Treasurer of Elon Musk’s 'America Party'

    Indian-Origin Tesla CFO Vaibhav Taneja Selected Treasurer of Elon Musk’s ‘America Party’

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    4 Chinese Nationals Arrested for Spying on Rafale Jets in Greece

    4 Chinese Nationals Arrested for Spying on Rafale Jets in Greece

    Decoy That Changed the Game: How India's AI-Powered X-Guard Neutralised Pakistani Air Threats

    Rafale Decoy Confused Pakistan Jets During Operation Sindoor, Claims US Veteran Pilot

    India Successfully Tests Indigenous Anti-Submarine Rocket ERASR

    India Successfully Tests Indigenous Anti-Submarine Rocket ERASR, Boosting Navy’s Underwater Capabilities

    Gun-Making Racket Exposed in Aligarh: UP STF Arrests 3

    Gun-Making Factory Busted in Aligarh: UP STF Arrests 3

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    4 Chinese Nationals Arrested for Spying on Rafale Jets in Greece

    4 Chinese Nationals Arrested for Spying on Rafale Jets in Greece

    Russia’s Plan to Hire 1 Million Indian Workers in 2025: What It Means

    Russia’s Plan to Hire 1 Million Indian Workers in 2025: What It Means

    Modi's Vision Echoes in Namibia

    PM Modi Sets Record With 17th Parliament Speech Abroad, Applauded in Namibia

    We Share Borders With Tibet, Not China”: Khandu’s Sharp Reply

    Khandu’s Bold Message to China: Arunachal Belongs to India, Border Was With Tibet

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Tirumala Tirupati Devasthanams Suspends Senior Official for Attending Church Services

    Tirumala Tirupati Devasthanams Suspends Senior Official for Attending Church Services

    The Beginning of Devotion: History of the First Kanwar Yatra

    The Beginning of Devotion: History of the First Kanwar Yatra 

    Kanwar Yatra: UP Gears Up With Full-Scale Arrangements

    Kanwar Yatra: Four Devotional Paths, One Divine Destination

    char dham yatra suspended due to bad weather

    Uttarakhand Suspends Char Dham Yatra Due to Adverse Weather, Prioritizes Pilgrim Safety

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Prakash Raj, Vijay Deverakonda among other Tollywood actors booked for promoting illegal betting apps

    Prakash Raj, Deverakonda, Rana Booked by ED in Betting Scam Case

    Try These 6 High-Protein Vrat-Friendly Foods to Stay Energised

    Fasting This Sawan 2025? Try These 6 High-Protein Vrat-Friendly Foods to Stay Energised

    say no to alcohol for 6 months

    How Quitting Alcohol for 6 Months Can Transform Your Health

    Mental Wellness Rituals to Stay Calm, Focused, and Balanced

    Mental Wellness Rituals to Stay Calm, Focused, and Balanced

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Mamata's Misplaced Outrage: Bengal Burns While She Cries for Delhi

    Mamata’s Misplaced Outrage: Bengal Burns While She Cries for Delhi

    Pakistani Cousin Marriages Flood UK with Birth Defects

    Pakistani Cousin Marriages Flood UK with Birth Defects, 3% Community Blamed for 33% Cases

    Congress Infighting Continues: Karti Criticizes Siddaramaiah’s Chicken & Egg Rice Scheme for Stray Dogs

    Congress Infighting Continues: Karti Criticizes Siddaramaiah’s Chicken & Egg Rice Scheme for Stray Dogs

    Rajiv Gandhi's PMO was 'Den of Spies'

    Rajiv Gandhi’s PMO Was Infiltrated by Foreign Spies, Alleges BJP’s Nishikant Dubey

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Namibia Bets on Indian Tech: How UPI Will Revolutionise Its Economy and Boost India's Global Digital Clout

    Namibia Bets on Indian Tech: How UPI Will Revolutionise Its Economy and Boost India’s Global Digital Clout

    Opportunities for Youth in a Changing India

    Opportunities for Youth in a Changing India: Global Investment Expert Manu Seth Shares Insights

    Simple Legal Steps to Protect Your Brand in India

    Simple Legal Steps to Protect Your Brand in India

    Indian-Origin Tesla CFO Vaibhav Taneja Appointed Treasurer of Elon Musk’s 'America Party'

    Indian-Origin Tesla CFO Vaibhav Taneja Selected Treasurer of Elon Musk’s ‘America Party’

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    4 Chinese Nationals Arrested for Spying on Rafale Jets in Greece

    4 Chinese Nationals Arrested for Spying on Rafale Jets in Greece

    Decoy That Changed the Game: How India's AI-Powered X-Guard Neutralised Pakistani Air Threats

    Rafale Decoy Confused Pakistan Jets During Operation Sindoor, Claims US Veteran Pilot

    India Successfully Tests Indigenous Anti-Submarine Rocket ERASR

    India Successfully Tests Indigenous Anti-Submarine Rocket ERASR, Boosting Navy’s Underwater Capabilities

    Gun-Making Racket Exposed in Aligarh: UP STF Arrests 3

    Gun-Making Factory Busted in Aligarh: UP STF Arrests 3

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    4 Chinese Nationals Arrested for Spying on Rafale Jets in Greece

    4 Chinese Nationals Arrested for Spying on Rafale Jets in Greece

    Russia’s Plan to Hire 1 Million Indian Workers in 2025: What It Means

    Russia’s Plan to Hire 1 Million Indian Workers in 2025: What It Means

    Modi's Vision Echoes in Namibia

    PM Modi Sets Record With 17th Parliament Speech Abroad, Applauded in Namibia

    We Share Borders With Tibet, Not China”: Khandu’s Sharp Reply

    Khandu’s Bold Message to China: Arunachal Belongs to India, Border Was With Tibet

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Tirumala Tirupati Devasthanams Suspends Senior Official for Attending Church Services

    Tirumala Tirupati Devasthanams Suspends Senior Official for Attending Church Services

    The Beginning of Devotion: History of the First Kanwar Yatra

    The Beginning of Devotion: History of the First Kanwar Yatra 

    Kanwar Yatra: UP Gears Up With Full-Scale Arrangements

    Kanwar Yatra: Four Devotional Paths, One Divine Destination

    char dham yatra suspended due to bad weather

    Uttarakhand Suspends Char Dham Yatra Due to Adverse Weather, Prioritizes Pilgrim Safety

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Prakash Raj, Vijay Deverakonda among other Tollywood actors booked for promoting illegal betting apps

    Prakash Raj, Deverakonda, Rana Booked by ED in Betting Scam Case

    Try These 6 High-Protein Vrat-Friendly Foods to Stay Energised

    Fasting This Sawan 2025? Try These 6 High-Protein Vrat-Friendly Foods to Stay Energised

    say no to alcohol for 6 months

    How Quitting Alcohol for 6 Months Can Transform Your Health

    Mental Wellness Rituals to Stay Calm, Focused, and Balanced

    Mental Wellness Rituals to Stay Calm, Focused, and Balanced

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

Salute the rising sun, the only thing WTO needs to follow in case of India

Abhishek Kumar Singh by Abhishek Kumar Singh
11 June 2022
in Analysis, Trending
Ministerial Conference WTO
Share on FacebookShare on X
  • During the 12th Ministerial Conference, WTO has to decide which side it is on
  • India has taken developing countries on board and will be aggressively pushing for structural reforms
  • If WTO wants to stay relevant, it needs to listen to India’s demands and negate it only when they go against the larger good of the world

When you are pushed to the wall, there are two options which you can work on. Push back with ferocious intensity or accept your defeat. Second option is practically more feasible for World Trade Organisation (WTO). But, the organisation is trying its hand on the first option, which is to give a harder push back. However, on negotiation tables, this option only works when you are unfairly cornered.

12th Ministerial conference of WTO

On Sunday, 12th June, 2022, 12th Ministerial Conference (MC12) of WTO will kick off in Geneva. MC is highest decision making body of the organisation and can decide on almost everything under the ambit of global trade. Originally scheduled to take place in June 2020, in Kazakhstan, the Conference was postponed for two years. Commerce Minister Piyush Goyal will be heading India’s delegation in the Conference.

RelatedPosts

Russia’s Plan to Hire 1 Million Indian Workers in 2025: What It Means

Foreign Investment, Innovation, and Confidence Are Making India a Global Leader: Investment Advisor Manu Seth

India Successfully Tests Indigenous Anti-Submarine Rocket ERASR, Boosting Navy’s Underwater Capabilities

Load More

Read more: Piyush Goyal is leading Indian textile to becoming a $10 Billion export sector

These two years have proved to be defining gap in WTO’s legacy. The supply chain bottlenecks leading to distortions in universal vaccine availability and food security in non-developed nations among other issues have done tremendous damage to WTO and its trade regimes. Unsurprisingly, India has emerged as the voice of countries unfairly hit by WTO’s discriminatory practices. Apparently, India has been seamlessly supplying life-saving vaccines, medical kits, food grains among other stuffs to the world; something which supranational organisations like WTO should have facilitated. Modi government’s increased humanitarian outreach has provided it with tremendous leeway in dealing with WTO.

Read more: As the world struggles to create proper mRNA Vaccines, India creates the first DNA vaccines

India is now in a position to drive WTO’s future course of action. During the MC12, countries (specially developing and underdeveloping ones) all around the world have pinned their hopes on India. They are expecting India to sort out the issue of fisheries subsidies, food security, E-commerce and many other minor and major ones.

Fisheries subsidy is on tenterhooks

Fisheries subsidies has been a bone of contention for more than two decades. Geographical entities like China, the US and European Union have historically provided subsidies in the range of billions of dollars to their fisheries sector. Other countries like India also do it but their subsidy is substantially low. The increased subsidy has resulted in illegal, unreported and unregulated (IUU) fishing. Everyone agrees on the principle that it needs to be stopped. However, the solution of stopping fish subsidies is not digestible for India and other countries whose fishing sectors have not reached to the zenith of its potential.

Developed countries have suggested on the lines of removing fisheries subsidy while India wants to protect subsidies for low-income, resource-poor fishermen. If WTO is allowed to have its way then developed countries will find it easier to fish in high-sea, while our fishermen will be deprived of even the basic government incentives like support for livelihood, motorisation of fishing boats, fuel rebates and infrastructure. India has rightly rejected these openly discriminatory proposals.
India’s solution is that developed nations should stop subsidizing their sectors for fishing beyond their Exclusive Economic Zone (EEZ) of 200 nautical miles for 25 years. This is based on the assessment  that the problem of IUU fishing has its roots in massive subsidies provided by big fishing nations. India is just asking them to step back a side and give equal opportunity for other countries to develop their fisheries. WTO needs to allow enough leverage to developing nations to upgrade their industries (fisheries) which are part of global supply chain.

Opportunity to remove farm subsidies

Farm subsidy is another one of those bottlenecks hampering the development of developing and underdeveloped nations. According to current WTO norms, India cannot provide farm subsidies beyond 10 % of the total monetary value of food produced. Additionally, WTO also asks these countries to not purchase grains from farmers at minimum support price. India has continued both these practices by invoking peace clause but there has to be a permanent solution to this problem.
12th Ministerial Conference is the perfect opportunity for WTO to do away with these negative discriminatory practices and save itself from irrelevancy like its predecessor General Agreement on Tariffs and Trade (GATT).

Read more: It’s time for India to show the WTO that humility is the prime virtue of a beggar

TRIPS waiver

WTO also needs to decide whether it wants millions of people to die in case a corona like pandemic again hits the planet. During the covid crisis, its TRIPS regime prevented a large number of poor nations from availing early developed vaccine. Though that later turned out to be not much damaging as vaccines by Big pharma did not prove to be effective, but no one knows what lies in future.

Read more: India’s Ayurveda industry will smash the hegemony of Big Pharma

India and South Africa have already pushed for TRIPS waiver and more than 100 countries have agreed to it. But, few countries claiming to be part of ‘civilised world’ are not letting poor nations access the full extent of advancement in Science.

WTO needs to save itself

12th Ministerial Conference is litmus test for the WTO. WTO can be conservative in only two ways. Either it is a conservator of its core principle of getting driven by an upcoming power, or its conservatism is stuck to preserving the sanctity of old powers which has driven its uprise in the past. The good thing with first type of conservatism is that it has a hint of liberal world order in the sense that the organisation is open to changes.
The world runs on a fine balancing stick of conservatism and liberalism. Liberalism opens the floodgate while conservatism tells organisation to stick to core principal. All WTO needs to do is just follow what India has advised. It is the only way to save liberalised trade regime. Additionally, siding with India will help organisation arrest its declining legitimacy.

Read more: India’s decision to not participate in WTO meet has an underlying message for the whole world

India is speaking for every undermined country and that is why it is a leader. Besides, India has developed enough bilateral and multilateral clouts that it can even afford to ignore WTO regime for quite some time. Through initiatives like QUAD, ASEAN, International Solar Alliance among others, India is emerging as reliable partner for both developed and underdeveloped countries. When push comes to shove, countries will side with that civilisational state which provided them wheat and vaccines in times of need, rather than WTO.

Globalisation is already dying. But, it can save itself by acknowledging India’s presence. Surely, WTO would not want to take the credit for putting final knell in the coffin of the phenomenon.

Support TFI :
Support us to strengthen the ‘Right’ ideology of cultural nationalism by purchasing best quality garments from TFI-STORE.COM

 

Also watch :

Tags: conferenceCountriesFisheriesIndiaNationsorganisationtradeworldWTO
ShareTweetSend
Previous Post

India forces Iran to take down arbitrary commentary on Nupur Sharma from their government website

Next Post

There is no market like the Indian market and no investor like Indian investors

Related Posts

Mamata's Misplaced Outrage: Bengal Burns While She Cries for Delhi
Trending

Mamata’s Misplaced Outrage: Bengal Burns While She Cries for Delhi

10 July 2025

While West Bengal reels under violence, rape cases, and public unrest, Mamata Banerjee has turned her attention to Delhi,...

Pakistani Cousin Marriages Flood UK with Birth Defects
Trending

Pakistani Cousin Marriages Flood UK with Birth Defects, 3% Community Blamed for 33% Cases

10 July 2025

British far-right activist Tommy Robinson has ignited a firestorm of criticism after a viral video surfaced in which he...

Aadhar Saturation cases in Muslim Dominated Areas in Bihar
Trending

120 Aadhaar Cards per 100 People? Alarming Surge in Muslim-Dominated Bihar Districts Raises Concern

10 July 2025

A new mystery has surfaced in Bihar ahead of the upcoming elections, a mystery woven into the fabric of...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

Hindu girl r@ped, burned with cigarettes and forced to convert to Islam

Hindu girl r@ped, burned with cigarettes and forced to convert to Islam

00:03:31

Delhi’s Trump Card: Kejriwal Wants a Nobel for Surviving Politics

00:05:03

Team B of DMK? The Truth About Actor Vijay’s Party

00:07:45

Rs 15,000 cr gone? Saif Ali Khan's crown crushed by enemy property law

00:04:40

Siddaramaiah Sparks Vaccine Theory to Hide Congress Chaos?

00:09:21
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap
MASHABLE IS A GLOBAL, MULTI-PLATFORM MEDIA AND ENTERTAINMENT COMPANY. FOR MORE QUERIES AND NEWS, CONTACT US AT info@mashablepartners.com


©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited