Quick Summary
Members commended steps taken by India to improve trade and economic policies in a more inclusive and sustainable manner Indias seventh Trade Policy Review (TPR) began on Wednesday, 6thJanuary 2021, at the World Trade Organization in Geneva. The TPR is an important mechanism under the WTOs monitoring function, and involves a comprehensive peer-review of the Members national trade policies. Indias last TPR took place in 2015. Indias official delegation for the TPR is headed by the Commerce
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FAQ :
India's seventh Trade Policy Review at the WTO began on Wednesday, 6th January 2021.
India's official delegation for the TPR was headed by the Commerce Secretary, Dr. Anup Wadhawan.
Key reforms mentioned include the Goods and Services Tax, the Insolvency and Bankruptcy Code, labour sector reforms, an investor-friendly FDI Policy, and national programmes like Make in India and Digital India.
India's 'ease of doing business' ranking improved from 142 in 2015 to 63 in 2019, as acknowledged by the World Bank.
Members applauded India's leadership role in global efforts against the COVID-19 pandemic and acknowledged its position as the 'pharmacy of the world'.
Leading industrialized and developed countries sought greater liberalization of India's trade policy, particularly in agriculture, harmonising standards, and reducing anti-dumping measures.
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