World Trade Organization (WTO) negotiators in Abu Dhabi failed to reach consensus on major reforms despite prolonged talks, reflecting a victory of national interests over collective responsibility. Talks concluded with no breakthroughs on agriculture, fisheries, and other vital topics, although a moratorium extension on e-commerce tariffs provided some relief.
A senior European official lamented the absence of a spirit of compromise, especially on critical issues like fisheries and harmful subsidization. India’s trade minister Piyush Goyal and European Trade Commissioner Valdis Dombrovskis remained engaged till the end.
Dombrovskis expressed disappointment over the lack of consensus and singled out India for blame, emphasizing that agreements were within reach but were ultimately blocked by a few countries. However, Goyal maintained a positive stance, citing India’s commitment to key reforms like permanent fixes on agriculture stocks.
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The talks, marked by intensity and contention, underscored the challenges faced by the WTO. Despite efforts by WTO Director-General Ngozi Okonjo-Iweala to highlight achievements, some issues remained unresolved.
The disagreement between India and South Africa on extending digital trade tariffs highlighted the complexities of the negotiations. Fragmentation among BRICS nations, particularly India and China, further complicated matters.
Pacific island nations voiced concerns about feeling marginalized in negotiations, emphasizing the need for stronger measures to protect fish stocks. Amidst renewed U.S. support for multilateral groups like the WTO under President Biden, fears lingered over potential disruptions in global trade.
Weak outcomes from the negotiations underscored the urgent need for constructive dialogue on the role of trade in society. The stalemate also highlighted the UAE’s aspirations to bolster its status as a global mediator, emphasizing multilateralism and dialogue.
