WTO Reform: India Must Lead in Modernizing Global Trade Rules
M
Moneycontrol•11-03-2026, 12:42
WTO Reform: India Must Lead in Modernizing Global Trade Rules
•The 1995-era WTO framework struggles to address today's complex global landscape, marked by digital trade, geopolitics, and intertwined technology.
•While there's universal agreement on WTO reform, consensus on specific changes remains elusive, echoing past stalled negotiations like the Doha Round.
•Key reform areas include re-evaluating developing countries' roles, strengthening WTO governance, and integrating the private sector into policy discussions.
•India, a growing economic power, has a critical stake in a stable, rules-based global trading system to achieve its manufacturing and export ambitions.
•India should proactively lead WTO reform, acting as a bridge between developed and developing nations to shape a modern, effective trade agenda.
