India will only finalise new deals at a World Trade Organisation (WTO) ministerial meeting if the United States stops blocking an agreement on a dispute settlement mechanism, New Delhi’s trade minister said on Wednesday.

Delegates are hoping for progress on issues such as fisheries and agriculture at the WTO’s 13th ministerial meeting, underway in Abu Dhabi.

But Indian minister Piyush Goyal told AFP on the sidelines of the talks his country would not “finalise” any new agreements without progress on the dispute-settlement system.

“It’s important that the first issue we should settle is that there should be an appellate body and some countries are not allowing that to happen,” he said.

Washington brought a WTO dispute settlement to a grinding halt in 2019 after blocking for years the appointment of new judges to the WTO’s appeals court.

Goyal said that “the entire working of WTO currently has come to a little bit of a standstill”.

New agreements require full consensus between the WTO’s 164 member states as per the body’s rules.

“I think it’s important that the issues which relate to the past and have been under consideration for many years should be addressed first and among them is the appellate body which is of prime importance,” Goyal said.

“Only after that, we can look at fresh other issues in the future,” Goyal added.

Washington had accused the appellate body of over-interpreting WTO rules and said that judges’ decisions should not go against the national security of countries.

It is now pushing for a dispute settlement reform that will create a “fair” system and not replicate the flaws of the previous body, US Trade Representative Katherine Tai said this week.

During the last WTO ministerial conference in 2022, member states committed to hold discussions on the dispute settlement system “with a view to having a fully operational system by 2024”.

But there has been little progress, causing frustration ahead of the possible reelection of Donald Trump as US president in November.

When asked if the issue should have been resolved before the Abu Dhabi conference, Goyal said: “It should have been fixed, because unless that is fixed, every other decision is only a paper decision” that cannot be implemented.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Football elections
17 Nov, 2024

Football elections

PAKISTAN football enters the most crucial juncture of its ‘normalisation’ era next week, when an Extraordinary...
IMF’s concern
17 Nov, 2024

IMF’s concern

ON Friday, the IMF team wrapped up its weeklong unscheduled talks on the Fund’s ongoing $7bn programme with the...
‘Un-Islamic’ VPNs
Updated 17 Nov, 2024

‘Un-Islamic’ VPNs

If curbing pornography is really the country’s foremost concern while it stumbles from one crisis to the next, there must be better ways to do so.
Agriculture tax
Updated 16 Nov, 2024

Agriculture tax

Amendments made in Punjab's agri income tax law are crucial to make the system equitable.
Genocidal violence
16 Nov, 2024

Genocidal violence

A RECENTLY released UN report confirms what many around the world already know: that Israel has been using genocidal...
Breathless Punjab
16 Nov, 2024

Breathless Punjab

PUNJAB’s smog crisis has effectively spiralled out of control, with air quality readings shattering all past...