WTO members praise India for its trade policies

During India’s seventh Trade Policy Review (TPR) which began at WTO’s headquarters in Geneva, Switzerland, World Trade Organization’s (WTO) members were full of praises for India for improving trade and economic policies in a more inclusive and sustainable manner. India, on its part, emphasised that in the last five years, since India’s previous TPR, the government has worked diligently to reform and transform the entire economic eco-system to meet the socio-economic aspirations of a billion-plus Indians.

“Commerce Secretary reaffirmed India’s commitment to ensuring equitable and affordable access to vaccines and COVID-treatments for all, and underlined the critical role that multilateral trading system can play in this regard, and highlighted that, in order to deal with the immediate fall-out of the COVID-19 pandemic,” Dr Anup Wadhawan, Commerce Secretary, said.

“Liberalisation of India’s FDI regime, implementation of several trade facilitation measures, and the enactment of India’s National Intellectual Property Rights (IPR) Policy were other reform measures that garnered praise from the WTO Membership. Several Members also appreciated India’s excellent notification and transparency record at the WTO,” according to sources.