World Trade Organization/Flickr
The appeal ruling is final and India will be expected to bring its laws into compliance with the WTO rules.
JOHANNES EISELE via Getty Images
It was my assessment that proposing a development round was to win friends and influence governments in poor countries. This was nothing short of deception at the highest level. After all, a genuine development round meant that trade would lie at the heart of the development agenda with the developed world unilaterally opening-up to products from poorer countries.
As China looks for investment opportunities abroad, and India seeks funding for its infrastructure, the newly founded Asian Infrastructure Investment Bank (AIIB) creates a win-win proposition for both countries. With its disposable capital, China is likely to contribute $50 billion of the $100 billion of the AIIB thus placing it in a position to address the huge infrastructure needs of India and its neighbourhood. That said, a key question remains: how will India and China manage their bilateral issues on a multilateral platform like the AIIB?