India\u2019s Commerce and Industry Minister has said that developed countries linking World Trade Organisation (WTO) reforms with special and differential treatment (S&DT) being provided to poor and developing nations is “unfair”.<\/span><\/p>\n WTO agreements contain special provisions which give developing countries special rights and allow other members to treat them more favorably. These are called \u201cspecial and differential treatment provisions\u201d (abbreviated as S&D or SDT)<\/em>. These special provisions include:\u00a0<\/span><\/p>\n – longer time periods for implementing agreements and commitments<\/span><\/p>\n – measures to increase trading opportunities for these countries<\/span><\/p>\n – provisions requiring all WTO members to safeguard the trade interests of developing countries<\/span><\/p>\n – support to help developing countries build the infrastructure to undertake WTO work, handle disputes and implement technical standards.<\/span><\/p>\n – Provisions related to least-developed country (LDC) members<\/p>\n Currently, any WTO member can designate itself as a developing country and avail S&DT\u00a0 benefits.\u00a0<\/span><\/p>\n – As a result of the self-selection process, there is a competition among members to get the developing country status. Several advanced countries have also taken developing country status.<\/span><\/p>\n Hence, that’s why the <\/span>US had submitted its suggestions to the WTO that states that self-declaration puts the WTO on a path to failed negotiations, and it is also a path to institutional irrelevance.<\/span><\/p>\n However, India<\/span> is of the view that the matter needs to be negotiated comprehensively in the WTO and a consensus-based decision needs to be taken on S&DT.<\/span><\/p>\n Source: <\/b>This post is based on the article <\/span>\u201c<\/b>Developed nations want to expand WTO agenda\u00a0<\/b>\u201d<\/b> published by <\/span>TOI <\/b>on 21st Nov 2021.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":" What is the News? India\u2019s Commerce and Industry Minister has said that developed countries linking World Trade Organisation (WTO) reforms with special and differential treatment (S&DT) being provided to poor and developing nations is “unfair”. What is Special and differential treatment (S&DT) under WTO? WTO agreements contain special provisions which give developing countries special rights… Continue reading Developed nations want to expand WTO agenda<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,9],"tags":[],"class_list":["post-148100","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-public","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1700502743},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/148100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=148100"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/148100\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=148100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=148100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=148100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What is Special and differential treatment (S&DT) under WTO?<\/b><\/h5>\n
What is the problem with S&DT under WTO?<\/b><\/h5>\n