ForumIAS LATEST
- SFG FRC 2027 | Program starts from 19th Dec. 2026 | Admissions open for Entrance Test Click Here to know more →
- Prelims Test Series (PTS) for Prelims 2027 starts 11th Oct. 2026 Click Here to know more →
- [Pre-order] Ethics Redbook 3rd Edition: Delivery starts from 10th October onwards Click Here to Read More →
- 21 Sept. | GS Advance Program (GSAP) for UPSC 2027 Mains starts from 11th Oct. Click Here to Read More →
India raises protectionism issue at G-20 meeting
News
1.The meeting of G-20 is taking place amidst the ongoing global trade war.
Important facts:
- The group emphasized the importance of World Trade Organisation (WTO) as the forum to resolve disputes.
- U.S. is attempting to weaken the WTO as it has refused to back appointments for the appellate body.
- India emphasized that earlier commitments of WTO need to be monitored to find whether these have been fulfilled.
- India also emphasized the role of multi-lateralism.
Decision making in WTO
- At WTO all decisions are taken through consensus- with dissent even by one of the over 160 members resulting in a stalemate.
Dispute settlement in the WTO
- Dispute settlement system is the central pillar of the multilateral trading system.
- By joining the WTO, member countries have agreed that if they believe fellow members are in violation of trade rules, they will use the multilateral system of settling disputes instead of taking action unilaterally.
