India pushes WTO to formalise technology transfer commitments ahead of 14th Ministerial Conference

Ahead of the 14th Ministerial Conference (MC14) of the World Trade Organization (WTO), India has presented a draft declaration urging the formal establishment of commitments related to technology transfer. The Indian government is advocating for a structured and time-bound framework to facilitate the transfer of advanced technologies, including semiconductors and green technology, to developing countries. This initiative aims to enhance the competitive edge of these nations in the global market, addressing disparities in technological access that hinder their economic growth. By focusing on technology transfer, India seeks to bolster its position as a leader in advocating for equitable trade practices while emphasizing the importance of innovation in achieving sustainable development goals. The call for a concrete roadmap reflects India's commitment to fostering a more inclusive global trade environment, aligning with its broader strategy to empower developing nations and promote fair competition. As the MC14 approaches, this push highlights the critical need for international cooperation in technology sharing, particularly in sectors crucial for future economic resilience.