India Urges WTO to Restore Binding Dispute Settlement System

• Commerce and Industry Minister Piyush Goyal called on WTO to revive its automatic and binding dispute settlement mechanism.
• The minister warned that the current dysfunction leaves member countries without effective redressal avenues.
• Absence of a functional two-tier dispute settlement system since 2019 curtails nations' ability to seek multilateral recourse against measures hindering free trade.
• Goyal stressed that restoring the mechanism is critical to maintaining credibility and fairness in the global trading system.
• India reiterated the Global South's demand for a Permanent Solution on Public Stockholding for food security and a comprehensive Fisheries Subsidies Agreement.