The World Trade Organisation, WTO ministerial meeting of developing countries began in New Delhi today.
The two-day meeting is being held at a time when the multilateral rule-based-trading system is facing serious and grave challenges.
The meeting will provide an opportunity for the Ministers to discuss various issues and the way forward.
On the first day today, a meeting of senior officers of the participating countries is being held. The Ministerial Meeting will be held tomorrow.
Sixteen developing countries and six Least Developed Countries, LDCs are participating in the meeting.
It includes China, South Africa, Brazil, Saudi Arabia, Turkey, Kazakhstan and Bangladesh. The Director-General of WTO Roberto Azevedo is also participating in the meeting.
Speaking at the inaugural session, Commerce Secretary Dr Anup Wadhawan said that the existential challenges to the multilateral rules-based trading system are manifest in a spate of unilateral measures and counter-measures, deadlock in key areas of negotiations and the impasse in the Appellate Body.
He said, the logjam in the Appellate Body is a serious threat to the dispute settlement mechanism of the WTO and the implementation function of the organization.
Our correspondent reports, it is an effort to bring together the developing countries and Least Developed Countries on a platform for sharing common concerns on various issues affecting the WTO and work together to address the issues.