Topic
multilateral
Trade India Reiterates Commitment to Open, Rules-Based Multilateral Trading System at WTO Review
India has reiterated its commitment to an open, inclusive, transparent and rules-based multilateral trading system during the final session of its Eighth Trade Policy Review at the WTO in Geneva. Commerce Secretary Rajesh Agarwal said WTO reform should remain development-oriented and preserve policy space for developing countries, while highlighting India's tariff reforms, customs simplification measures and FTA strategy.
India Deposits Instrument of Acceptance for WTO Agreement on Fisheries Subsidies on 20 July 2026
India deposited its Instrument of Acceptance of the WTO Agreement on Fisheries Subsidies on 20 July 2026, becoming a party to the pact. The agreement, adopted in June 2022 and effective from September 2025, prohibits subsidies for illegal, unreported and unregulated fishing and for overfished stocks. It disciplines harmful subsidies for industrial fishing fleets, benefiting small-scale fishers in India, while aquaculture and inland fisheries remain outside its scope.