TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Karnataka Powerplay Spills Over To Delhi With A 'Babu vs Babu' Clash

    Karnataka Turf War Erupts in Delhi: CM vs DCM Aides Involved in Ugly Clash

    “Ireland Isn’t Safe”: Indian National Issues Warning on Safety After Mob Attack in Dublin

    “Ireland Isn’t Safe”: Indian National Issues Warning on Safety After Mob Attack in Dublin

    Kanhaiya Lal’s Son Questions Delays in Justice

    Udaipur Files Gets SC Go-Ahead, Kanhaiya Lal’s Son Asks: Where’s Justice for My Father?

    Indira Jaising's Demand to Lower Consent Age Draws BJP Flak, Govt Concern

    BJP Hits Out at Indira Jaising’s Plea to Lower Age of Consent; Centre Fears It May Fuel Trafficking

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    India Bans 25 OTT Platforms

    India Bans 25 OTT Platforms Including ULLU, ALTT & Desiflix for Obscene Content

    Union Commerce Minister Piyush Goyal and UK Trade Secretary Jonathan Reynolds formally signed the Free Trade Agreement

    India, UK Sign Historic FTA; Modi Sends Stern Message on Terror, Corruption, and Democracy Abuse

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    How to Choose the Best Bank to Open a Savings Account in 2025

    How to Choose the Best Bank to Open a Savings Account in 2025

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    ‘Rudra’ Brigades Announced: Army Chief Unveils New All-Arms Force on Kargil Vijay Diwas

    ‘Rudra’ Brigades Announced: Army Chief Unveils New All-Arms Force on Kargil Vijay Diwas

    From 1999 to Operation Sindoor: Kargil Vijay Diwas Marks India’s Unyielding Defence Legacy

    From 1999 to Operation Sindoor: Kargil Vijay Diwas Marks India’s Unyielding Defence Legacy

    India Cautions Citizens in Cambodia Amid Tensions Along Thai Border

    India Cautions its Citizens in Cambodia Amid Tensions Along Thai Border

    “Operation Sindoor Ongoing, Military Must Maintain High Readiness”: CDS General Anil Chauhan

    “Operation Sindoor Ongoing, Military Must Maintain High Readiness”: CDS General Anil Chauhan

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    China’s Failed Gamble in the Maldives: A Broader Pattern in South Asia

    China’s Failed Gamble in the Maldives: A Broader Pattern in South Asia

    Pakistan Backs Off: Islamabad Caves In on TRF After U.S. Terror Tag

    Pakistan Backs Off: Islamabad Caves In on TRF After U.S. Terror Tag

    From ‘India Out’ to Red Carpet Welcome: The Turnaround

    Modi-Muizzu Meet Yields Breakthrough Pacts, From ‘India Out’ to Red Carpet Welcome: The Turnaround

    Bail Rejected by Chattogram Sessions Court for Chinmoy Krishna Das

    Chinmoy Krishna Das Denied Bail Again Amid Growing Persecution of Hindus in Bangladesh

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    NCERT Textbook Reveals Mughal Religious Intolerance

    Ruthless Babur, Violent Akbar, Destructive Aurangzeb: NCERT Textbook Reveals Mughal Religious Intolerance

    India Built Gardens Long Before Babur Dreamt of Charbagh

    Before the Mughals: India’s Civilisation Built Gardens Long Before Babur Dreamt of Charbaghs

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    India Cautions Citizens in Cambodia Amid Tensions Along Thai Border

    India Cautions its Citizens in Cambodia Amid Tensions Along Thai Border

    India Becomes First Country to Digitally Preserve Traditional Medicine Using Artificial Intelligence

    India Becomes First Country to Digitally Preserve Traditional Medicine Using Artificial Intelligence

    Highest RTP Casino Games to Get Better Wins

    Highest RTP Casino Games to Get Better Wins

    How to Use Eyebrow Tinting Kits Like a Salon Expert

    How to Use Eyebrow Tinting Kits Like a Salon Expert

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Karnataka Powerplay Spills Over To Delhi With A 'Babu vs Babu' Clash

    Karnataka Turf War Erupts in Delhi: CM vs DCM Aides Involved in Ugly Clash

    “Ireland Isn’t Safe”: Indian National Issues Warning on Safety After Mob Attack in Dublin

    “Ireland Isn’t Safe”: Indian National Issues Warning on Safety After Mob Attack in Dublin

    Kanhaiya Lal’s Son Questions Delays in Justice

    Udaipur Files Gets SC Go-Ahead, Kanhaiya Lal’s Son Asks: Where’s Justice for My Father?

    Indira Jaising's Demand to Lower Consent Age Draws BJP Flak, Govt Concern

    BJP Hits Out at Indira Jaising’s Plea to Lower Age of Consent; Centre Fears It May Fuel Trafficking

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    India Bans 25 OTT Platforms

    India Bans 25 OTT Platforms Including ULLU, ALTT & Desiflix for Obscene Content

    Union Commerce Minister Piyush Goyal and UK Trade Secretary Jonathan Reynolds formally signed the Free Trade Agreement

    India, UK Sign Historic FTA; Modi Sends Stern Message on Terror, Corruption, and Democracy Abuse

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    How to Choose the Best Bank to Open a Savings Account in 2025

    How to Choose the Best Bank to Open a Savings Account in 2025

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    ‘Rudra’ Brigades Announced: Army Chief Unveils New All-Arms Force on Kargil Vijay Diwas

    ‘Rudra’ Brigades Announced: Army Chief Unveils New All-Arms Force on Kargil Vijay Diwas

    From 1999 to Operation Sindoor: Kargil Vijay Diwas Marks India’s Unyielding Defence Legacy

    From 1999 to Operation Sindoor: Kargil Vijay Diwas Marks India’s Unyielding Defence Legacy

    India Cautions Citizens in Cambodia Amid Tensions Along Thai Border

    India Cautions its Citizens in Cambodia Amid Tensions Along Thai Border

    “Operation Sindoor Ongoing, Military Must Maintain High Readiness”: CDS General Anil Chauhan

    “Operation Sindoor Ongoing, Military Must Maintain High Readiness”: CDS General Anil Chauhan

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    China’s Failed Gamble in the Maldives: A Broader Pattern in South Asia

    China’s Failed Gamble in the Maldives: A Broader Pattern in South Asia

    Pakistan Backs Off: Islamabad Caves In on TRF After U.S. Terror Tag

    Pakistan Backs Off: Islamabad Caves In on TRF After U.S. Terror Tag

    From ‘India Out’ to Red Carpet Welcome: The Turnaround

    Modi-Muizzu Meet Yields Breakthrough Pacts, From ‘India Out’ to Red Carpet Welcome: The Turnaround

    Bail Rejected by Chattogram Sessions Court for Chinmoy Krishna Das

    Chinmoy Krishna Das Denied Bail Again Amid Growing Persecution of Hindus in Bangladesh

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    NCERT Textbook Reveals Mughal Religious Intolerance

    Ruthless Babur, Violent Akbar, Destructive Aurangzeb: NCERT Textbook Reveals Mughal Religious Intolerance

    India Built Gardens Long Before Babur Dreamt of Charbagh

    Before the Mughals: India’s Civilisation Built Gardens Long Before Babur Dreamt of Charbaghs

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    India Cautions Citizens in Cambodia Amid Tensions Along Thai Border

    India Cautions its Citizens in Cambodia Amid Tensions Along Thai Border

    India Becomes First Country to Digitally Preserve Traditional Medicine Using Artificial Intelligence

    India Becomes First Country to Digitally Preserve Traditional Medicine Using Artificial Intelligence

    Highest RTP Casino Games to Get Better Wins

    Highest RTP Casino Games to Get Better Wins

    How to Use Eyebrow Tinting Kits Like a Salon Expert

    How to Use Eyebrow Tinting Kits Like a Salon Expert

    • 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

India Cautions its Citizens in Cambodia Amid Tensions Along Thai Border

“Operation Sindoor Ongoing, Military Must Maintain High Readiness”: CDS General Anil Chauhan

PM Modi Ranked Most Trusted Global Leader with 75% Approval Rating

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

Karnataka Powerplay Spills Over To Delhi With A 'Babu vs Babu' Clash
Trending

Karnataka Turf War Erupts in Delhi: CM vs DCM Aides Involved in Ugly Clash

26 July 2025

A seemingly bureaucratic tussle at Karnataka Bhavan in New Delhi has exploded into a political storm, revealing widening cracks...

“Ireland Isn’t Safe”: Indian National Issues Warning on Safety After Mob Attack in Dublin
Crime

“Ireland Isn’t Safe”: Indian National Issues Warning on Safety After Mob Attack in Dublin

26 July 2025

Days after an Indian man was violently attacked and assaulted in Tallaght, a suburb of Dublin, another Indian national...

Kanhaiya Lal’s Son Questions Delays in Justice
Law

Udaipur Files Gets SC Go-Ahead, Kanhaiya Lal’s Son Asks: Where’s Justice for My Father?

26 July 2025

In a significant development, the Supreme Court on Friday declined to extend the stay on the release of the...

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

Will India Buy F-35s from US or Build Su-57s with Russia? IAF’s Big Push Explained

Will India Buy F-35s from US or Build Su-57s with Russia? IAF’s Big Push Explained

00:08:32

PM Modi’s Blueprint for Tamil Nadu Begins at Rajendra Chola’s Capital Gangaikonda Cholapuram

00:07:57

One Woman. Two Brothers. Jodidaran- A Living Example of Polyandry in Himachal's Hatti Tribe.

00:05:32

Lashkar-e-Taiba on the Run from Muridke: Is Bahawalpur Becoming Pakistan’s New Terror Capital?

00:07:26

Britain’s Million-Dollar Bird Finally Takes Off!

00:06:43
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