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exclusive economic zone: India to protect poor fishpeople, push for two-tier dispute resolution system at WTO meet

India will secure the interests of its poor fisherpeople at the upcoming WTO ministerial conference. New Delhi proposes allowing developing countries to give subsidies to their fisherpeople in their exclusive economic zone. India emphasizes polluter-pays and differentiated responsibility principles. India opposes the developed countries proposal for top subsidisers to notify the WTO of new subsidy programs. India will push for the WTOs two-tier dispute resolution system and restoration of the in...
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WTO: India to insist on WTO taking its decisions via consensus, not votes

India is set to advocate for maintaining the core structure of the World Trade Organization (WTO), which includes consensus-based decision-making and special and differential treatment (S&DT) for developing countries, at the upcoming ministerial conference. S&DT provides benefits to developing nations, such as extended time to implement agreements and binding commitments.
World Trade Organization Ministerial Conference Appellate Body Special And Differential Treatment Developing Countries Private Sector

To gain on the loss & damage front

Loss and Damage Fund (LDF) is set up at COP28 with contributions totaling $700 million. LDF addresses loss and damage caused by slow-onset events and extreme weather events. The funds institutional host is currently the World Bank, but its operational independence is maintained. The funding needs of LDF are estimated to be billions of dollars annually, and developing countries require grants-based support. The eligibility criteria of LDF should balance fiscal burden, climate vulnerability, and t...
France General Sharm El Sheikh Janub Sina Santiago Network On Loss World Bank Damage Fund

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