India Stands Firm Against China-Led WTO Proposal
India opposes the China-led Investment Facilitation for Development proposal at the WTO. Arguing that it would undermine the WTO's multilateral nature, India will submit opposition papers. India emphasizes its commitment to food security and public stock-holding, viewing these as non-negotiable priorities over new trade issues.
- Country:
- India
India has voiced strong opposition to a China-led proposal on investment facilitation at the World Trade Organization (WTO), articulating its disapproval through a senior government official.
The proposal, backed by a coalition of 128 countries, aims to bind signatory members but has been critiqued by India for threatening the multilateral essence of the WTO.
Insisting on resolving longstanding issues on public stock-holding for food security first, India maintains its steadfast commitment to safeguarding its farmers' livelihoods, amid claims that the proposal leans heavily on Chinese-centric investment interests.
ALSO READ
-
ILO Report Reveals How to Bring Social Security Within Reach of Informal Workers
-
Japanese Lawmakers Visit India to See Worker Protection and Skills Projects in Action
-
Indian Unions Push for Fair Recruitment and Rights for Care Workers in Germany
-
Asia-Pacific Puts Services Trade at Centre of Growth and Jobs Through TS4D Talks
-
New Zealand Gives NZ$300,000 to Help Developing Countries Build Safer Food Trade
Google News