Why in News?
India presented its 8th Trade Policy Review (TPR) at the World Trade Organization (WTO) in Geneva, reiterating support for a transparent, rules-based multilateral trading system.
Key Points
India defended its trade policies as WTO-consistent and stressed Special and Differential Treatment (S&DT) for developing countries.
It demanded a permanent solution for Public Stockholding (PSH) for food security under the Agreement on Agriculture (AoA).
On fisheries, India sought balanced rules that protect artisanal fisherfolk of developing nations while curbing Illegal, Unreported, and Unregulated (IUU) fishing.
It called for urgent restoration of the fully functioning two-tier WTO Appellate Body under the Dispute Settlement Body (DSB).
Exam Connect
WTO → established 1 January 1995 under the Marrakesh Agreement → replaced GATT (1947) → HQ Geneva, Switzerland → WTO membership → 166 members → East Timor and Comoros joined in 2024 → Director-General Ngozi Okonjo-Iweala