“The broader aims and objectives of WTO are to manage and promote international trade in the era of globalization. But the Doha round of negotiations seem doomed due to differences between the developed and the developing countries.” Discuss in the Indian perspective.

facing crisis of relevance

1. Crisis of legitimacy → Violation of provisions of WTO by major powers eg. USA's reciprocal tariff

2. Crisis of confidence → Not able to take decision and be reform itself

3. Crisis of credibility → Non acceptance of orders → eg USA Violated aluminum Tariff order of WTO

4. Disfunctional dispute resolution System → USA blocking appointment

5. Not able to represent ideas of global south → No consensus of Public stockholding issue. → Discriminatory Agreement on Agriculture against developing countries

6. Not evolving (Anaichronistic) in nature → does not counter present day Non Tariff Barrier → eg CBAM by EU.

Measures for Revival

1. Reforming WTO decision making System

2. More powers to developing countries

3. Re-negotiation of conflicting agreement.

4. Sticking to "Doha Development Agenda" - for developing countries

5. Power to Punish → non-compliang Country.

6. Reforms in dispute resolution system

7. Allowing adjustment to subsidy limit

Pascal Lamy (Ex WTO DG) says, WTO needs to evolve and reform itself to stay relevant in changing times