India seeks revival of WTO dispute resolution mechanism at G20 meet in Jaipur

The G20 Trade and Investment Ministerial Meeting is scheduled to be held in Jaipur on 24-25 August. Emphasising on the rules-based multilateral trading system, Goyal told journalists that India aims to deepen its engagement at the WTO to further the voice of the developing world and build global consensus for people in these countries. He said that issues like different levels of development, common but differentiated responsibilities and consensus need to be looked at while modernising WTO.

Goyal, while acknowledging the contribution of all G20 member countries, invoked a "Jaipur call for action" at the G20 meet to promote the MSME sector and bridge gaps for them to expand trade across geographies. In addition, referring to the five priority aims of the meet: Trade for Growth and Prosperity, Resilient Trade and Global Value Chains GVCs, Integrating Micro, Small & Medium Enterprises MSMEs in World Trade, Logistics for Trade and World Trade Organisation (WTO) Reforms; he hoped that the significant progress observed till now will culminate in the meetings over the next 2 days.