Developing countries at risk as WTO trade negotiations lack consistency
Trade negotiations under the WTO have evolved over the years, with a focus shifting from developed countries to include developing and least developed nations. Challenges have arisen due to differences in development levels among member countries. A study on SPS-based MRL standards in major trading nations, including India, reveals discrepancies in permissible limits set by the WTO. The lack of transparency in WTO provisions has led to significant impacts on developing country exports. The success of trade agreements depends on the flow of information between governments and firms, with more formal economies having a better chance of benefiting from such deals.