• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 20th, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
Director-General of the World Trade Organization Ngozi Okonjo-Iweala speaks during the opening ceremony of the WTO ministerial meeting in Abu Dhabi, United Arab Emirates, February 26, 2024. REUTERS/Abdel Hadi Ramahi/File Photo
Director-General of the World Trade Organization Ngozi Okonjo-Iweala speaks during the opening ceremony of the WTO ministerial meeting in Abu Dhabi, United Arab Emirates, February 26, 2024. REUTERS/Abdel Hadi Ramahi/File Photo
UAE Minister of Foreign Trade Thani bin Ahmed Al Zeyoudi speaks during the opening ceremony of the WTO ministerial meeting in Abu Dhabi, United Arab Emirates, February 26, 2024. REUTERS/Abdel Hadi Ramahi/File Photo
UAE Minister of Foreign Trade Thani bin Ahmed Al Zeyoudi speaks during the opening ceremony of the WTO ministerial meeting in Abu Dhabi, United Arab Emirates, February 26, 2024. REUTERS/Abdel Hadi Ramahi/File Photo
India's Commerce Minister Piyush Goyal takes part at the panel discussion "Trade: Now what?" during the World Economic Forum 2022 (WEF) in the Alpine resort of Davos, Switzerland May 25, 2022. REUTERS/Arnd Wiegmann/File Photo
India's Commerce Minister Piyush Goyal takes part at the panel discussion "Trade: Now what?" during the World Economic Forum 2022 (WEF) in the Alpine resort of Davos, Switzerland May 25, 2022. REUTERS/Arnd Wiegmann/File Photo
Home
World
India

WTO talks deadline extended again with talks deadlocked

February 29th, 2024 | 11:15 AM WORLD India 3

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

Indian central bank likely intervenes to limit pressure on rupee, traders say
India's Aditya Birla Capital to enter gold loan market, targets 1,000 branches
Hawkish RBI minutes, softer dollar soothe rupee sentiment while intervention boosts
Indian shares advance after recent slide as global bond markets steady
By Alexander Cornwell, Emma Farge, Rachna Uppal

Negotiations at the World Trade Organisation ministerial meeting in Abu Dhabi on Thursday were extended for another day, with the WTO announcing the closing session had been delayed, and no sign of a breakthrough in talks to set new global commerce rules.

The biennial conference is seeking deals on ending fishing subsidies and extending a moratorium on digital trade tariffs - a move that India and South Africa oppose.

Trade delegates were expecting negotiations to carry on throughout the night as officials sought to hammer out agreements on a cross section of changes to trade rules.

The scheduled announcement of a final agreement after four days of intergovernmental talks was pushed back for a fifth day until 2 p.m. (1000 GMT) on Friday in the Gulf state. The closing session was earlier delayed by four hours until midnight.

Some participants expressed scepticism that a deal would be reached by then, telling Reuters that serious differences remained on a range of issues meant to address global trade.

"Tense! Difficult," said one delegate on condition of anonymity.

New Zealand's trade minister Todd McClay said it was a good sign that delegates were still trying to thrash out issues and expected this to continue late into the night.

"There is a desire for an outcome but there are delegations on both sides of issues saying: the only way we can have an outcome is if our concerns are addressed," he told Reuters. However, McClay, who is the facilitator on talks to extend a 25-year moratorium on digital tariffs, said there had been no movement yet on overcoming a deadlock.

India's trade minister said it was a shame some nations were blocking agreements, but he gave little sign that New Delhi would drop its own opposition to extending a waiver on digital tariffs.

"Of course we feel sad that some countries are still obstructing significant outcomes that could have helped less developed countries and developing countries gain confidence in the working of WTO," Piyush Goyal told reporters on the final day of the talks.

Still, he voiced optimism that such outcomes could be achieved in the talks.

FISHERIES DRAFT DEAL FACES OPPOSITION

A grouping of Pacific islands, including Papua New Guinea and the Solomon Islands, were also opposing a draft deal on changes to fisheries subsidies, with Fiji's deputy prime minister telling Reuters it did not go far enough.

"We would like the large subsidising countries to put a cap on the current level of subsidies," Manoa Seru Kamikamica said.

A trade delegate from a developed country dismissed this prospect saying: "It's never going to happen. It's come too late".

India's Goyal did not name the countries that he said were blocking results at the talks. But he said his top priority was fixing the WTO's dispute system, adding he had raised the lack of progress with U.S. Trade Representative Katherine Tai in a Wednesday meeting.

"The first and highest priority is to get the Appellate Body of the dispute resolution mechanism in place because without that all the decisions we are taking cannot be adjudicated upon," he said.

The WTO's top appeals court has been hamstrung for four years due to U.S. opposition to judge appointments and remains out of service. Tai already ruled out an agreement on WTO dispute settlement appeals reform this week, but said negotiations were showing progress.

  • Topic
  • WTO
  • TRADE/ (UPDATE 4, PIX)
Facebook Twitter Google+ LinkedIn Pinterest
Previous article Indian central bank likely intervenes to limit pressure on rupee, traders say

Related Posts

India
August 20th, 2026

Indian central bank likely intervenes to limit pressure on rupee, trader...

India
August 20th, 2026

India's Aditya Birla Capital to enter gold loan market, targets 1,000 br...

India
August 20th, 2026

Hawkish RBI minutes, softer dollar soothe rupee sentiment while interven...

India
August 20th, 2026

Indian shares advance after recent slide as global bond markets steady

India
August 20th, 2026

India sees $80 billion in flows via subsidised swap windows, cenbank gov...

India
August 20th, 2026

Musk's Starlink reapplies for India approval of satellite network, ET re...

The Wire
Aug 20th 4 h ago
Technology

China puts robocops on traffic duty, minus the arrest power...

Aug 20th 5 h ago
Soccer

Japan's Miura, 59, becomes oldest scorer in Emperor's Cup h...

Aug 20th 5 h ago
Environment

A decade after earthquake, Italy's Amatrice struggles to re...

Aug 20th 5 h ago
ROI: Reuters Open Interest

The Iran war energy crisis is just getting started

Aug 20th 5 h ago
Media & Telecom

'Baby Shark' boy returns to stage as a K-pop singer

TRENDING ON FINANCETIME
Aug 20th, 2026 Litigation

SK Hynix to pay 60% of employee bonuses in company stock under preliminary deal, says source

Aug 20th, 2026 Asia Pacific

Outsider who could decide New Zealand's next government wants to tax wealth, not work

Aug 20th, 2026 Business

Aegon raises share buyback plan to 350 million euros

Aug 20th, 2026 Africa

South Africa's Exxaro half-year profit down 20%, cuts dividend

Aug 20th, 2026 Cricket

Australia look for response to 'Darwin Disaster' in second Bangladesh test

Markets-Sectors
BASIC MATERIALS +1.43%
UTILITIES +0.00%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT