Sunday Tribune

BRICS Plus in prime position for new trading system

world trade organization

As the World Trade Organization (WTO) concluded its 13th Ministerial Conference in Abu Dhabi last weekend, there was little agreement on the Development agenda and discussion reviving its apex Appellate body was blocked by the US.

The much-touted investment agree- ment and climate-trade frameworks fluttered at the WTO. Major disagreements on the E-Commerce treaty, so crucial for national data economies and MSMEs (medium, smalland micro enterprises) of the global South have stalled.

The inability to deal with trade disputes as well as the marginalisation of the Development Agenda, the Global South and the rules-based trade order in line with the Marrakesh treaty, points to

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