India will seek a better dispute settlement mechanism at the World Trade Organization (WTO) and plans to initiate the issue of reforms in the global trade body during G20 talks this year, commerce secretary Sunil Barthwal said on Friday.
This comes amid a logjam in the appointments of new members in WTO’s appellate body that has rendered the organization’s top court dysfunctional. The appellate body is a standing committee of seven members that presides over appeals against judgments passed in trade-related disputes brought by WTO members. It was set up in 1995.
The dysfunctional WTO appellate body doesn’t bode well for global trade as experts fear it could give rise to trade protectionism. Moreover, India is seeking a resolution of the issues as it is facing a rising number of dispute cases concerning agricultural products.
Membership to the appellate body has dwindled as the US has been blocking appointment of new members as it believes that WTO is biased against it.
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