Question: Where will the World Trade Organization’s Ministerial Meeting for the developing countries take place?
(a) Brasilia
(b) New Delhi
(c) Shanghai
(d) Cape Town
Answer: (b)
Related facts:
- A WTO Ministerial meeting of developing countries was hosted by India in New Delhi on 13-14 May 2019.
- Sixteen developing countries, Six Least Developed Countries (LDC)(Argentina, Bangladesh, Barbados, Benin, Brazil, Central African Republic (CAR), Chad, China, Egypt, Guatemala, Guyana, Indonesia, Jamaica, Kazakhstan, Malawi, Malaysia, Nigeria, Oman, Saudi Arabia, South Africa, Turkey, Uganda)and DG, WTO are participating in the meeting.
- The two-day meeting was interactive in order to provide an opportunity to the Ministers to discuss various issues and the way forward.
- The meeting took place at a time when the multilateral rule-based-trading system is facing serious and grave challenges. In the recent past, there have been increasing unilateral measures and counter measures by members. The current situation has given rise to demands from various quarters to reform the WTO.
- The meeting held at New Delhi fosters an effort to bring together the developing countries and Least Developed Countries on a platform for sharing common concerns on various issues affecting the WTO and work together to address these issues.
- The two-day meeting also provided an opportunity to the developing countries and LDCs to build consensus on how to move forward on the WTO reforms, while preserving the fundamentals of the multilateral trading system enshrined in the WTO.
Link:
http://www.pib.nic.in/PressReleseDetail.aspx?PRID=1571846