The global trade order faces an existential crisis as the authority of the WTO weakens due to the US–China rivalry, Western populism, and the US-led paralysis of dispute settlement. This shift toward power-based trade hurts developing nations. India responds by backing WTO reforms, advocating for the Global South, and diversifying trade ties to protect its interests.
Click to View MoreIndia rejected the WTO’s China-backed Investment Facilitation for Development (IFD) proposal, citing risks to its policy autonomy in managing FDI. Concerned about binding non-discrimination clauses, India favors flexible Bilateral Investment Treaties over rigid multilateral pacts, reflecting its assertive stance in global trade negotiations.
Click to View More
© 2026 iasgyan. All right reserved