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Recently eleventh ministrial conference(MC11) of the world trade organization was held in Buenos Aires. Which of the following statements are correct regarding this?
1. MC11 ended without a Ministerial Declaration. This is happened for the first time in history of WTO ministerial conferences.
2. ‘e-commerce’ subject which was the part of the original Doha agenda was discussed in this summit.
Correct code:
1 only
2 only
Both 1 and 2
Neither 1 nor 2
xp: • MC11 ended without a Ministerial Declaration. This happened for the third time after Seattle (1999) and Cancun (2003) summit. • An obvious reason why MC11 failed was the refusal of the US to engage. The largest economy being absent at the negotiating table was a strong reason, but this doesn’t explain the failure in its entirety; other processes, like climate-change negotiations and the TPP have found ways of continuing without the US. • WTO membership, had forced discussions on divisive issues like e-commerce and investment facilitation. But ‘e-commerce’ subject was not part of the original Doha agenda. • India opposed it, saying “Doha subjects must be resolved first, before taking up new subjects”. • India also opposed the joint declaration on “Trade and women’s economic empowerment” because according to India WTO is not a platform to discuss gender. • Elimination of tariff on e-commerce would result in complete trade liberalization of goods (both agriculture and industry), something that most developing countries aren’t willing to do at present. • Investment rules for investor-protection have become very contentious in many developing countries, including India, because investors have initiated a slew of cases against host governments by invoking the investor-state dispute settlement (ISDS) mechanism.
By: Vishal ProfileResourcesReport error
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