The 164 member world trade organisation holds what it calls a Ministerial Conference – a once in two years meeting of all its member countries to discuss, negotiate and address global trade rules. WTO’s thirteenth ministerial conference, or MC13 – took place in Abu Dhabi in late February this year, but it failed to make headway on key agenda items. Such failures in negotiations have come to plague the WTO lately. Yet, despite this, failed outcomes are often touted as major victories by member counties. Like in India’s case, where Union Commerce Minister Piyush Goyal claimed a win for the country’s farmers, when India’s position on demanding sovereignty over public stock holding of food, and providing largely artesanal fishing nations, subsidies for fisheries failed to reach consensus. Two more demands of developing countries – the first – lifting the moratorium on levying customs duty on e-commerce, and second, a reconstitution of the WTO’s dispute settlement appellate body, remained unresolved as well. And yet, why are these key wins for developing nations?

Guest: Ranja Sengupta from the global non-profit – Third World NetworkHost: Kunal Shankar, The Hindu’s Deputy Business EditorEdited by Sharmada Venkatasubramanian.