Seventeen developing countries have stressed on working collectively to strengthen the World Trade Organisation (WTO) to promote development and inclusivity for the benefits of all members.
A declaration was signed by these nations at the end of the two-day WTO Ministerial Meeting of developing countries in New Delhi yesterday.
Five countries refrained from backing the 13-point document. The document said, the process of WTO reform must keep development at its core, promote inclusive growth, and fully take into account the interests and concerns of developing members.
The member nations, which signed the document, also pitched for filling vacancies in WTO’s appellate saying that the current impasse could completely paralyse the dispute settlement mechanism of the global trade body by December this year. They urged all the members to engage constructively to address the challenge without delay.