India reiterated its dedication to an open, transparent, and WTO-compliant multilateral trade system during its Eighth Trade Policy Review at the World Trade Organization in Geneva. Commerce Secretary Rajesh Agarwal emphasized India’s focus on predictable trade and investment regulations, highlighting tariff reforms, customs simplification, and ambitious Free Trade Agreement strategies that enhance global integration while supporting domestic development goals. India’s Trade Policy Review serves as a crucial transparency and monitoring mechanism at the WTO, ensuring adherence to rules and promoting dialogue among Members.
The Commerce Secretary addressed concerns raised by Members, affirming that India’s trade policies align with WTO principles while considering the developmental needs of a large economy. India’s agricultural tariff structure aims to protect small farmers, while industrial tariffs support supply chain resilience and domestic manufacturing capabilities. India’s commitment to transparency, stakeholder consultations, and adherence to WTO rules regarding sanitary measures, technical regulations, and trade remedies was also reiterated.
Regarding WTO reform, India stressed the importance of an open, inclusive, and rules-based trading system that preserves policy space for developing nations. The country remains dedicated to engaging constructively with all Members to strengthen the multilateral trading system while upholding WTO principles. The Trade Policy Review saw significant global interest in India’s economic progress and its role in the multilateral trading system, with Members acknowledging India’s contributions and economic resilience.
In closing remarks, Brazil highlighted India’s role as a bridge-builder in promoting dialogue and consensus within the WTO. The Eighth Trade Policy Review concluded positively, recognizing India’s increasing significance in the global trading system and anticipating its continued central role in shaping the future of international trade.
