Malaysia participates in WTO meeting in Delhi
The headquarters of the World Trade Organisation pictured in Geneva April 12, 2017. — Reuters pic
NEW DELHI, May 13 — Malaysia is attending the World Trade Organisation ministerial meeting of developing countries here to discuss new challenges to a rule-based global trading system. Ministry of International Trade and Industry secretary-general Datuk Lokman Hakim Ali and Dr Rashidi Said, Malaysia’s permanent representative to the WTO in Geneva, represented the country at the two-day meeting that began on Monday.
The meeting is an effort to bring together developing countries and least developed countries on a platform for sharing common concerns and push for WTO reforms. India commerce secretary Anup Wadhawan said challenges to the multilateral rules-based trading system are manifested in a spate of unilateral measures and counter-measures, deadlock in key areas of negotiations and an impasse in the WTO’s dispute settlement mechanism.“The reform initiatives must promote inclusiveness and non-discrimination, build trust and address the inequalities and glaring asymmetries in existing agreements,” India’s Ministry of Commerce said in a statement.
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