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Business News›Opinion›ET Commentary›Tiger in the room at Abu Dhabi

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TIGER IN THE ROOM AT ABU DHABI

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Tiger in the room at Abu Dhabi
ET CONTRIBUTORSLast Updated: Feb 16, 2024, 10:45:00 PM IST
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Synopsis

INDIA'S FOREIGN POLICY ACHIEVEMENTS ARE EVIDENT ACROSS VARIOUS REGIONS,
UNDERSCORING ITS DIPLOMATIC PROWESS. AS SUCH, INDIA SHOULD SPEARHEAD EFFORTS FOR
A FRUITFUL CONCLUSION OF THE 13TH WTO MINISTERIAL CONFERENCE IN ABU DHABI,
STARTING FEBRUARY 26. FAILING TO DO SO MIGHT DIMINISH THE SIGNIFICANCE OF ITS
DIPLOMATIC ENDEAVORS.

PRADEEP S MEHTA

Secretary general, CUTS (Consumer Unity and Trust Society) International.

BIPUL CHATTOPADHYAY

The author is executive director, CUTS International

India's foreign policy successes are visible from Jeddah and Medina to Tehran
and Abu Dhabi. This is why India should take the lead for a successful outcome
of the 13th WTO Ministerial Conference (MC13) in Abu Dhabi, UAE, starting
February 26. Otherwise, India may not realise the actual value of its diplomatic
initiatives.

The last time an MC was held in the Arab world was in 2001 in Doha, Qatar. In
the aftermath of 9/11, the global leadership came together to send a strong
message to the world that they were together for everybody's benefit. Abu Dhabi
is aspiring for such a mark this time, particularly after successfully hosting
COP28 in Dubai last year.

The pandemic, continuing war in Ukraine, Israel-Hamas conflict and violence
wrought by non-state actors in the Red Sea have made the world as vulnerable as,
if not more than, it was a couple of decades back. That calls for resolve
similar to the 2001 Doha MC4. The Abu Dhabi ministerial declaration should be a
milestone for the world to be a better place to live in.

True, outcomes of the Doha ministerial couldn't be taken forward by members to
provide better benefits for all. That's realpolitik, and the glass will always
remain half-full outside a utopian world. Yet, there have been wins:

Waiving of patent rights at Doha in 2001 over specific medicines to combat
HIV/Aids.

India defending and achieving interim success for its right to subsidise farmers
producing basic staples like rice and wheat at Bali in 2013.

Trade facilitation agreement that was arrived upon at Bali.

The underlying story is that engagement brings positive results; disengagement
leads to a dead end with no option other than whining. In the case of WTO, it's
not just one country but all members. This is why other WTO members are urging
India - and the US - to engage more at WTO to combat multiple global challenges
together.

This engagement must be forward-looking:

The US should drop its my-way-or-the-highway approach in its demand to overhaul
WTO's dispute settlement system.

India should refrain from demanding tariffs on cross-border digital trade.
Nobody benefits from trade-restrictive measures.

New Delhi should engage in negotiations of new issues such as investment
facilitation and electronic commerce.

India and the world have changed hugely since the time freer export of capital
was opposed at WTO by India and other developing countries in the mid-1990s.
Contrary to popular belief, more engagement will help India become more
competitive, leading to more growth and newer job opportunities. Moreover, they
will help push forward trade causes, such as freer movement of temporary workers
through trade visas.

India should be a tiger in the room, not an elephant. It is at the cusp of
leapfrogging to the big table. It also must reduce its economic distance from
other big economies.

It will be relatively easy for India to achieve this vision under a predictable
multilateral trade system under WTO. That will depend on successful outcomes of
MC13 and their balanced implementation. India must take this opportunity to
remind the world again of the true meaning of vasudhaiva kutumbakam.

Mehta is secretary general, and Chattopadhyay is executive director,CUTS
International

(Disclaimer: The opinions expressed in this column are that of the writer. The
facts and opinions expressed here do not reflect the views of
www.economictimes.com.)

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WILL MY MEMBERSHIP BE RENEWED AUTOMATICALLY?

Membership purchased through all credit cards and some debit cards will be
automatically renewed. We will inform you before the renewal is due. You can
cancel the auto-renewal any time from within your profile settings.

I HAVE PAID FOR A MEMBERSHIP, BUT DID NOT CREATE AN ACCOUNT. WHAT SHOULD I DO?

To reclaim your membership, please reach us at care@etprime.com.

HOW DO I GET AN INVOICE FOR MY MEMBERSHIP?

To issue an invoice, please share the billing name, address, and contact number
at care@etprime.com. In case you require a GST invoice, please share the GST
number, billing address, and contact number on the same email ID.

DO I ALSO GET THE ECONOMIC TIMES NEWSPAPER AT HOME WITH THIS MEMBERSHIP?

No, this is a membership to ET Prime only. Though, you get complete access to ET
Print edition - The digital website of ET Newspaper.

WHAT IF I DON'T WANT TO BECOME A MEMBER? CAN I STILL READ SOME ARTICLES FOR
FREE?

A very small portion of our stories are free to read. You can access them by
signing in.

DO I ALSO GET THE ECONOMIC TIMES EPAPER ACCESS WITH THIS MEMBERSHIP?

As an ET Prime member, you will get access to ET Print Edition - The digital
website of ET Newspaper. However, in order to access epaper you would need to
purchase a separate subscription.

The only global membership video-on-demand platform for streaming documentaries.
Explore, question and discover real stories that enlighten, enchant and
entertain.

* TERMS & CONDITIONS

* The offer is applicable for all users within India buying/renewing the Annual
plan or 2-year plan.
* Post the free trial of 15 days, the Docubay coupon code will be sent to the
registered email address within 15 working days from completion of the trial
period.
* For existing users (renewing users) or users who have exhausted their trial
period in the past, will receive the Docubay coupon code to their registered
email address within 15 working days from the payment completion.
* Users are required to redeem their Docubay coupon code on or before
01-06-2021.
* ET Prime solely reserves the right to resolve any issue as per the company
policy. In any event. whatsoever, ET Prime's liability will not exceed the
amount paid by the user during the transaction.
* ET Prime reserves the right to withdraw or modify this offer without any
liability at its own discretion.
* These terms shall at all times be read and understood in conjunction with the
T&C and Privacy Policy of ET Prime available at etprime.com/terms-conditions.
* The above mentioned offers are indicative and may change over time.
* Docubay terms and conditions shall apply at all times.

GET 1 YEAR COMPLIMENTARY SUBSCRIPTION OF TOI+ WORTH RS.799/- WITH ET PRIME.

What All You Get With TOI+ subscription:
* Build deep knowledge through expert opinions, data-driven stories, explainers
and more
* Enjoy an ad-free experience on the TOI app and website
* Stay on top of news that impacts your life, health and personal finance
* Enjoy podcasts, crosswords and newsletters throughout the day

WHY ?

* Exclusive Economic Times Stories, Editorials & Expert opinion across 20+
sectors

* Stock analysis. Market Research. Industry Trends on 4000+ Stocks

* Clean experience with
Minimal Ads
* Comment & Engage with ET Prime community
* Exclusive invites to Virtual Events with Industry Leaders
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noise

* Get 1 Year Complimentary Subscription of TOI+ worth Rs.799/-

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