India records 17 pc jump to become 4th largest exporter of digital services: WTO report
India’s growth rate was much higher than the 4 per cent increase posted by China and Germany.
India’s growth rate was much higher than the 4 per cent increase posted by China and Germany.
The World Trade Organization (WTO) 13th Ministerial Conference at Abu Dhabi has been extended until Friday, March 1, to allow further discussions and facilitate outcomes on main issues.
It also discussed how this emerging segment of the global economy holds the promise for economic development and prosperity for the developing countries, including the least developed countries (LDCs).
Both the countries said that as there is no consensus on the agreement, and that it could not be included in the outcome of MC13.
It also called for effective formalisation of the ongoing informal dispute settlement reform discussions among some Members at the WTO, the Ministry of Commerce & Industry said in a statement.
According to the World Health Organisation, the Covid-19 pandemic that ravaged the planet for almost three years infected more than 750 million people, resulting in more than 6.8 million deaths.
The tensions between China and the US-led West are, as a result, hurting both sides where it matters ~ economically.
India talked tough in Geneva. Union Commerce and Industry Minister Piyush Goyal in his remarks at the closed-door session at the 12th ministerial conference touched on the spiralling food inflation and the need for the agreement on food stockholding by the developing countries.
Ngozi Okonjo-Iweala warned food-producing countries against hoarding supplies and said it was vital to avoid a repeat of the Covid-19 pandemic, when rich countries were able to secure for themselves the bulk of vaccines, reports the Guardian.
The spokesperson said China and India were the opportunities of development for each other rather than strategic threats.
