WTO’s soft stance on vexed issues prompts developing nations to look at bilateral deals and other means to safeguard their own interests
Representative image: Reuters
The content of India’s new foreign trade policy will only be known at the beginning of the next financial year, but the spirit of New Delhi’s approach to external commercial engagements is discernible from the recent remarks of commerce minister Piyush Goyal. While remaining convinced about the importance and the efficacy of a multilateral trading system based on the principles of mutual cooperation, it appears India is keen to pursue bilateral commercial negotiations, and will not hesitate to protect its own…
