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From 12 to 16 June 2022, the long-awaited 12th Ministerial Conference of the World Trade Organization was held, which led to a package of declarations and decisions on various issues.
The Indian government has expressed satisfaction with the outcome of the MC-12 talks, playing a key role in the talks. India has successfully addressed the issue of food security and the waiver of vaccine patents and has reportedly contributed to the conclusion of the fisheries conclusion.
In fact, many see the adoption of concrete decisions on various relevant issues as a significant turning point for the WTO, which has long been slandered by the paralysis of its negotiating wing. There are now high hopes that the impetus provided by the MC-12 outcome will continue, leading to much more concrete solutions.
In the future, India is expected to play a key balancing role between ensuring that future decisions take into account the needs of developing member states, on the one hand, and ensuring that decisive action is taken, where necessary, on the other.
This update highlights the key results of the MC-12 from an Indian perspective.