New Delhi, Jan 28: Commerce and Industry Minister Piyush Goyal has said the agenda for WTO reforms should be balanced and inclusive and all must work collectively for effective multilateral trading system. "On the Appellate Body, India believes, that all must work collectively to achieve the vision of the founding fathers, for an effective multilateral trading system," said Goyal, who participated in an informal ministerial gathering in Davos last week.
Goyal said the current challenges throw up some key priorities for the 12th ministerial conference (MC12), which will take place from June 8 to 11 in Nur-Sultan I Kazakhstan, including WTO reform.
The early restoration of the full strength of the appellate body, will contribute to the realisation of that objective, he added.
Further, the agenda for WTO reforms should be balanced and inclusive, to address the historic asymmetries in the Uruguay Round Agreements said the Minister. (UNI)