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WTO Overhaul Targets Easier Decision-Making

Business Standard

|

July 17, 2025

World Trade Organization (WTO) members are seeking to break years of paralysis in international trade negotiations, which have been sidelined by the Trump administration and risk becoming irrelevant, internal WTO documents seen by Reuters show.

- OLIVIA LE POIDEVIN & EMMA FARGE

Trump's sweeping tariffs have forced countries to line up to negotiate bilateral trade deals with Washington, bypassing the multilateral framework.

WTO members had already struggled to reach deals due to a consensus requirement among all 166 members. Preventing members from blocking decisions is now the top priority in reform talks, diplomats told Reuters.

"The sense of urgency is palpable, and there is widespread recognition that there is no viable alternative to reform," Norway's WTO Ambassador Peter Olberg, who was appointed to facilitate the organization's reform talks, said in an internal communication to members seen by Reuters.

Business Standard से और कहानियाँ

Business Standard

Gujarat, Odisha power discoms lead this yr’s performance rankings

Gujarat’s power distribution utilities emerged as top performers in the 14th Integrated Rating and Ranking Report released by the power ministry on Friday.

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1 min

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Business Standard

Visa readies India swipe of debit-cum-credit card

After its success in Japan, Visa's latest innovation in plastic money — a single 16-digit card credential that works as both a credit and debit card — is gearing up for entry into India.

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2 mins

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Business Standard

Adani group sheds ₹1.1 trn in mcap as US SEC seeks to serve summons

Group stocks down 3.4% to 14.54%

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1 min

January 24, 2026

Business Standard

Gold, silver, platinum extend record-setting rally

Gold notched another record high on Friday, while silver and platinum also extended gains to hit all-time peaks, powered by diminishing confidence in US assets on account of geopolitical tensions and economic uncertainty.

time to read

1 mins

January 24, 2026

Business Standard

Shriram Finance net profit plunges 22%

Shriram Finance Ltd, one of the largest retail non-banking financial companies (NBFCs) in India, posted a 22 percent decline in net profit during the third quarter of 2025-26 (FY26) to ₹2,529.65 crore.

time to read

1 mins

January 24, 2026

Business Standard

Trai’s numbering mandate raises debt collection concern

The Telecom Regulatory Authority of India’s (Trai’s) directive requiring banks and non-banking financial companies (NBFC) to shift to the ‘1600’ numbering series for voice calls to curb spam and fraud is raising concern among the lending players.

time to read

2 mins

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Business Standard

Let's talk about the GenZs

There are a few phrases that we of late have come to increasingly hear, and even use.

time to read

3 mins

January 24, 2026

Business Standard

Business Standard

India at Davos: From presence to partnership

Davos often makes its presence felt through snowfall that reshapes both the landscape and the mood.

time to read

3 mins

January 24, 2026

Business Standard

JSW Steel net surges 198%

One-time tax gain, linked to Bhushan Power & Steel and JFE Steel deal, drives growth

time to read

2 mins

January 24, 2026

Business Standard

Business Standard

The end of Nato is coming

No President has created so much doubt about America’s commitment to trans-Atlantic security

time to read

5 mins

January 24, 2026

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