India believes WTO's farm subsidy rules could limit its ability to purchase food at government-set prices, as part of its public stockholding programmes for food security purposes.
Indian steel and aluminium exporters will see their market access restored by the U.S.
WTO economists now predict global merchandise trade volumes will grow by 3.5% in 2022—slightly better than the 3.0% forecast in April.
While India ramped up supplies of medical products to provide medical and health items globally, the WTO could not respond with alacrity, says Goyal.
