-
Kyiv's defences, 'hybrid' threat from Moscow headline EU talks
-
El Nino hammering Peru anchovy fishing: industry officials
-
Oil extends gains, stocks mostly down as Trump issues fresh Iran warning
-
Mass Russian barrage kills 12 in Kyiv
-
ThinkMarkets Expands Weekend Trading Offering, Launches Weekend League Competition
-
PineX Capital Launches MetaTrader 5 as Prop Firm Expands Trading Platform Offering
-
Tibet activists accuse China of downplaying floods
-
Women survivors face sanitation woes in Nepal relief camp
-
Afghanistan war victims left 'without justice', UN says
-
Oil extends gains, stocks mixed as Trump issues fresh Iran warning
-
Iran president offers US olive branch before Putin meeting
-
Thai resort readies for US carrier's 5,000 sailors
-
China-Nepal flood toll tops 1,000 as tunnel rescue offers last hope
-
AI startup Manus says resumes independent operations
-
Japan to relax overtime regulation under workaholic PM
-
'Massive' Russian missile, drone attack on Kyiv kills 8
-
Thwarted Niger mutiny exposes junta's Russia dependence
-
Defence tech hub Munich booms as Europe rearms
-
Illegal mining ravages S.Africa's economic hub
-
Nigeria rethinks criminalisation of suicide
-
Nepal's wall of missing offers last hope after Himalayan flood
-
Osaka channels NBA icon Iverson to reach US Open second round
-
US to press G20 on light-touch AI regulation
-
Fast-fashion giant Shein plunges 10% on Hong Kong debut
-
2 die in Grand Canyon flash flood, only 1 person unaccounted for
-
South Korea hire former Spain boss Moreno as interim coach
-
US Army Secretary Driscoll submits resignation: White House
-
China-Taiwan friction clouds Pacific summit
-
Oil extends gains, stocks drop as Trump issues fresh Iran warning
-
Two dead after stabbing in New York's Times Square
-
Tsitsipas says Kyrgios's positive cocaine test 'kind of expected'
-
Anthropic signs $35B computing deal with startup backed by Nvidia
-
In Japan's mountains, a different way to manage bears
-
Drones in Ithaca: Azov's Odyssey turns Ukraine war into modern myth
-
Middle East war a boon for UAE defence giant with global ambitions
-
Boat builders keep Pakistan's fishing heritage afloat
-
Former gang member found guilty of murdering Tupac Shakur
-
Australia axe Labuschagne for Zimbabwe, South Africa ODI series
-
Top-seeded Zverev opens US Open campaign
-
Heavy rain at Grand Canyon after flood kills 2, dozen missing
-
US regulator, 22 states accuse Amazon of 'manipulating' ad auctions: lawsuit
-
Kushner blames soccer power struggle for World Cup plan collapse
-
TRON Founder Justin Sun Shares Outlook on Bitcoin, Stablecoins and Global Finance at Bitcoin Asia 2026
-
Buoyant Alcaraz shakes off nerves to advance at US Open
-
Tributes to 'eternal' Messi on Argentina retirement
-
US draws European pushback with Russia G20 finance invite
-
Arteta hails Arsenal's 'finishers' after Saka kills off Villa
-
Jury begins deliberations in Tupac Shakur murder trial
-
Yamal, Raphinha bag braces as Barcelona rout Rayo
-
US Supreme Court allows Trump ballroom project to proceed
US, India still at odds with majority on WTO reform
The United States and India still have reservations about a plan to overhaul the World Trade Organization, even though "a large majority of members" support it, the talks facilitator said Wednesday.
Reforming the global trade body, which has spent years tangled up in structural and geopolitical obstacles, will be the focus of discussions at the WTO's ministerial conference, its biennial main gathering, from March 26 to 29 in Cameroon's capital Yaounde.
"A large majority of members support the plan" that is on the table after nine months of discussions, said Norway's ambassador to the WTO Petter Olberg, who is facilitating the reform talks.
"We're getting closer to something which ministers can endorse" in Yaounde, he told reporters at the WTO's headquarters in Geneva.
All countries want WTO reform, but "there is some disagreement; there are some divergences" on the solutions, he added, without going into details.
"It's a compromise. So nobody is super happy. Some want more ambition; some want less ambition. Some want more detail; some want less detail."
The goal in Yaounde is not to finalise the reforms, but to establish a programme of work, with fixed objectives and deadlines.
The draft reform plan has not yet been published, but has three main components, said Olberg.
First is decision-making, including the possibility of plurilateral negotiations, in which decisions are taken by some but not all members, rather than by consensus.
Second are the benefits granted to developing countries; and finally, issues of transparency and compliance with trade measures.
- 'Getting there' -
"There still are some countries holding back, but they are few in number," said Olberg.
"It's the United States and it's India," he continued.
"But the thing that kind of gives me hope that we will land this thing is that nobody -- including the United States and India -- is saying they don't want reform.
"We are getting there, we are close, and the final push will have to be done by ministers themselves" in Yaounde, said Olberg.
The WTO has been going through turbulence for several years.
Its mechanism for resolving trade disputes has also been effectively paralysed since December 2019, because of the United States blocking the appointment of judges to the appellate body.
Negotiations are stalled, and some WTO rules are no longer considered fit for purpose by certain countries, including the United States.
The organisation operates on the principle of finding consensus among all 166 members.
The planned reforms aim to improve it by more easily integrating plurilateral negotiations -- something India is not particularly in favour of, unlike the United States.
Western countries also want the WTO to guarantee fairer competition by addressing massive subsidies and distortions linked to industrial policies.
They believe, in particular, that the existing rules are insufficient for regulating China's hybrid economic model, which combines market forces and state intervention.
S.Barghouti--SF-PST