{"id":156006,"date":"2024-10-17T21:33:22","date_gmt":"2024-10-17T21:33:22","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/17\/india-pitches-for-dispute-settlement-fund-at-wto\/"},"modified":"2024-10-17T21:33:22","modified_gmt":"2024-10-17T21:33:22","slug":"india-pitches-for-dispute-settlement-fund-at-wto","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/17\/india-pitches-for-dispute-settlement-fund-at-wto\/","title":{"rendered":"India pitches for dispute settlement fund at WTO"},"content":{"rendered":"
\"India<\/div>\n
New Delhi: India along with 48 countries has at the World Trade Organization<\/a> (WTO<\/a>) suggested creation of up a Dispute Settlement Fund<\/a> or reimbursement of litigation costs<\/a> of trade disputes<\/a> for poor countries.<\/p>\n

“India has submitted a paper at the WTO suggesting the establishment of a Dispute Settlement Fund as one option to the address the issue of litigation costs,” said an official, adding that South Africa<\/a> said that establishing a fund is “essential”. It has been backed by 48 countries.<\/p>\n

It draws from a proposal by the African Group<\/a> that has suggested that such a fund could be financed from the regular budget of the WTO and voluntary contributions from members, with disbursements in accordance with criteria to be adopted by the Dispute Settlement Body<\/a>.<\/p>\n

As per another official, New Delhi has also proposed that developing countries<\/a> be reimbursed litigation costs if they win.<\/p>\n

This assumes significance as developing and least developed countries have to cover a multitude of expenses at all stages of a dispute, such as appointment of experts, preparation of economic analysis and collection of proprietary data even though there is an available mechanism to address the costs of litigation at the WTO.<\/p>\n


Developing countries have underlined the importance of accessibility especially capacity building and technical assistance and stressed that an agreement is also needed to be reached on the establishment of a fund to help cover the costs of dispute proceedings for developing and least developed countries. India and the others have pushed for all the elements of accessibility including training, capacity, building, disputes, fund, litigation cost and cross retaliation move to drafting text. “Selectively moving only some elements of accessibility would be a cause of concern and affect the balance of the outcome,” the second official said.<\/p>\n

New Delhi also noted that more progress was made in the talks so far on the issue of accessibility to dispute settlement procedures and that less progress was made on the issue of the appeal and review mechanism.<\/p>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

New Delhi: India along with 48 countries has at the World Trade Organization (WTO) suggested creation of up a Dispute Settlement Fund or reimbursement of litigation costs of trade disputes for poor countries. “India has submitted a paper at the WTO suggesting the establishment of a Dispute Settlement Fund as one option to the address […]<\/p>\n","protected":false},"author":2,"featured_media":156007,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/img.etimg.com\/photo\/msid-114325651,imgsize-267718.cms","fifu_image_alt":"","footnotes":""},"categories":[602],"tags":[122301,88765,1965,122302,122298,5215,273,122299,30779,5197,1643,14195,122300,100693,29351],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/156006"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=156006"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/156006\/revisions"}],"predecessor-version":[{"id":156008,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/156006\/revisions\/156008"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/156007"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=156006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=156006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=156006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}