-
Stocks drop, oil climbs after fresh Trump warning to Iran
-
Twins wow Cannes with 'mesmeric' tale of Nigeria's rich
-
New Ebola outbreak in DR Congo: What we know
-
Iran Nobel winner discharged from hospital: supporters
-
Spanish court orders 55 mn euro tax refund to Shakira
-
Ryanair flags Iran war uncertainty as annual profit jumps
-
Hearts have bright future despite Scottish title pain: McInnes
-
Fernandes 'proud' to match Premier League assists record
-
Germany set to miss 2030 climate goal: experts
-
G7 finance chiefs meet to seek common stance on unstable ground
-
Hantavirus-hit cruise ship docks in Rotterdam at voyage end
-
Philippines swears in senators for VP Duterte's impeachment trial
-
Iran's World Cup football team leaves for Turkey: media
-
Hantavirus-hit cruise ship steams towards Rotterdam at voyage end
-
Japan arrests Americans over stunt at baby monkey Punch's zoo
-
Trump says 'clock ticking' for Iran as peace negotiations stall
-
Hong Kong court hears closing arguments in Tiananmen activists' trial
-
World Cup duo Ghana, Cape Verde not among AFCON top seeds
-
African players in Europe: Daring Semenyo wins final for City
-
Kenya's new poaching problem: smuggling Giant Harvester Ants
-
WHO kicks off annual assembly amid hantavirus, Ebola crises
-
S. Korean blockbuster 'Hope' underscores growing film ambition
-
Train driver charged after deadly Bangkok bus collision
-
Angry Chinese table tennis fans demand apology for flag gaffe
-
India's lifeline ferry across strategic archipelago
-
Encroaching world threatens India's last 'uncontacted' tribe
-
India's strategic $9 bn megaport plan for pristine island
-
In Tierra del Fuego, a hunt for the rodent carrier of hantavirus
-
Mitchell leads Cavs past top-seeded Detroit into NBA East finals
-
China's April consumption, factory output growth slowest in years
-
Asian stocks sink, oil rises on US-Iran deadlock
-
Cleveland Cavaliers eliminate top-seeded Detroit from NBA playoffs
-
Who could be the 2026 World Cup's breakout star?
-
Humble PGA champ Rai celebrates English, Indian, Kenyan heritage
-
Hantavirus-hit cruise ship nears end of voyage, to dock in Rotterdam
-
He said, she said, AI said: Wall Street sex scandal rivets and confounds
-
UN General Assembly to take up climate change 'obligations' resolution
-
Four takeaways from Musk vs OpenAI trial
-
Jury to decide fate of Musk's blockbuster suit against OpenAI
-
Frustrated McIlroy drops F-bomb in exchange with PGA heckler
-
Defending champion Palou storms to Indy 500 pole
-
Messi shines as Inter Miami finally win at new stadium
-
Shai Gilgeous-Alexander wins second straight NBA MVP award
-
White House mass prayer event seeks to reclaim US Christian roots
-
International dive group joins Maldives search for missing Italians
-
'Staggering' Iran toll drives up global executions: Amnesty
-
Kingsway Publishes Investor Day Presentation to Company Website
-
Helio Ignites Space Infrastructure IP Race with Patent Filing for Deployable Boom Tech, Positioning as Future Leader in Space-Based Solar Power and Orbital Systems
-
Ryde Appoints Chief Product Officer to Accelerate Platform Innovation and Marketplace Growth
-
XCF Global Highlights Long-Term Growth Drivers for Renewable Fuels as U.S. Biofuel Policy Evolves and SAF Demand Continues to Build
US, India still at odds with majority on WTO reform
The United States and India still have reservations about a plan to overhaul the World Trade Organization, even though "a large majority of members" support it, the talks facilitator said Wednesday.
Reforming the global trade body, which has spent years tangled up in structural and geopolitical obstacles, will be the focus of discussions at the WTO's ministerial conference, its biennial main gathering, from March 26 to 29 in Cameroon's capital Yaounde.
"A large majority of members support the plan" that is on the table after nine months of discussions, said Norway's ambassador to the WTO Petter Olberg, who is facilitating the reform talks.
"We're getting closer to something which ministers can endorse" in Yaounde, he told reporters at the WTO's headquarters in Geneva.
All countries want WTO reform, but "there is some disagreement; there are some divergences" on the solutions, he added, without going into details.
"It's a compromise. So nobody is super happy. Some want more ambition; some want less ambition. Some want more detail; some want less detail."
The goal in Yaounde is not to finalise the reforms, but to establish a programme of work, with fixed objectives and deadlines.
The draft reform plan has not yet been published, but has three main components, said Olberg.
First is decision-making, including the possibility of plurilateral negotiations, in which decisions are taken by some but not all members, rather than by consensus.
Second are the benefits granted to developing countries; and finally, issues of transparency and compliance with trade measures.
- 'Getting there' -
"There still are some countries holding back, but they are few in number," said Olberg.
"It's the United States and it's India," he continued.
"But the thing that kind of gives me hope that we will land this thing is that nobody -- including the United States and India -- is saying they don't want reform.
"We are getting there, we are close, and the final push will have to be done by ministers themselves" in Yaounde, said Olberg.
The WTO has been going through turbulence for several years.
Its mechanism for resolving trade disputes has also been effectively paralysed since December 2019, because of the United States blocking the appointment of judges to the appellate body.
Negotiations are stalled, and some WTO rules are no longer considered fit for purpose by certain countries, including the United States.
The organisation operates on the principle of finding consensus among all 166 members.
The planned reforms aim to improve it by more easily integrating plurilateral negotiations -- something India is not particularly in favour of, unlike the United States.
Western countries also want the WTO to guarantee fairer competition by addressing massive subsidies and distortions linked to industrial policies.
They believe, in particular, that the existing rules are insufficient for regulating China's hybrid economic model, which combines market forces and state intervention.
Th.Berger--AMWN