What’s in the news?
- Foreign Ministers of India, Russia and China have reaffirmed their support for a transparent, open, inclusive and non-discriminatory multilateral trading system, with the World Trade Organization, WTO at its core.
- In a Joint Communique after the 18th Meeting of the Foreign Ministers of three countries, the leaders reiterated their support for the necessary reform which would preserve the centrality, core values and fundamental principles of the WTO while taking into account the interests of all members, especially developing countries and Least Developing Countries, LDCs.
- They emphasized the primary importance of ensuring the restoration and preservation of the normal functioning of a two-stage WTO Dispute Settlement system, including the expeditious appointment of all Appellate Body members. They said, the post-pandemic world requires diversified global value chains that are based on resilience and reliability.
- The leaders also reaffirmed their commitment to the implementation of the 2030 Agenda for Sustainable Development in its three dimensions- economic, social and environmental in a balanced and integrated manner and reiterated that the Sustainable Development Goals are integrated and indivisible and must be achieved leaving no one behind.