𝗥𝗜𝗦 𝗣𝗼𝗹𝗶𝗰𝘆 𝗕𝗿𝗶𝗲𝗳 | 𝗪𝗧𝗢 𝗥𝗲𝗳𝗼𝗿𝗺 𝗮𝗻𝗱 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗮𝗹 𝗣𝗼𝗹𝗶𝗰𝘆 𝗦𝗽𝗮𝗰𝗲: 𝗔𝗻 𝗜𝗻𝗱𝗶𝗮𝗻 𝗣𝗲𝗿𝘀𝗽𝗲𝗰𝘁𝗶𝘃𝗲 𝗳𝗼𝗿 𝗠𝗖14
Research and Information System for Developing Countries (
@RIS_NewDelhi), is glad to announce the publication of the Policy Brief titled 𝘞𝘛𝘖 𝘙𝘦𝘧𝘰𝘳𝘮 𝘢𝘯𝘥 𝘐𝘯𝘥𝘶𝘴𝘵𝘳𝘪𝘢𝘭 𝘗𝘰𝘭𝘪𝘤𝘺 𝘚𝘱𝘢𝘤𝘦: 𝘈𝘯 𝘐𝘯𝘥𝘪𝘢𝘯 𝘗𝘦𝘳𝘴𝘱𝘦𝘤𝘵𝘪𝘷𝘦 𝘧𝘰𝘳 𝘔𝘊14 co-authored by Prof. Pritam Banerjee, Prof. Zaki Hussain, Dr. Amit Randev, Dr. Kanika Karwal (
@kanika_karwal) and Ms. Riddhi Lakhiani (
@LakhianiRiddhi).
The Brief examines the evolving debate on WTO reform and its implications for industrial policy space, particularly from the perspective of developing countries like India. It situates the renewed global interest in industrial policy within the broader context of geoeconomic competition, technological transformation, and supply chain restructuring, where major economies are increasingly deploying subsidies and strategic state interventions to strengthen domestic manufacturing capabilities.
It analyses emerging reform proposals under the Agreement on Subsidies and Countervailing Measures (ASCM) and highlights concerns that tighter subsidy disciplines, expanded definitions, and stronger enforcement mechanisms could disproportionately constrain the policy space available to developing countries that are still undergoing structural transformation.
The brief underscores the structural asymmetries in income levels, technological capabilities, and global value chain participation between advanced and developing economies, arguing that industrial policy remains a critical instrument for late industrialisers seeking to upgrade manufacturing capacity and move up the value chain.
It proposes a set of development-sensitive pathways for WTO reform, including calibrated flexibility in subsidy disciplines, strengthened transparency mechanisms, and objective criteria to distinguish between systemic dominance and developmental catch-up.
As discussions move toward MC14, the brief highlights the need for a balanced reform framework that preserves the credibility of the multilateral trading system while ensuring that developmental policy space remains available to emerging economies pursuing industrialisation and structural transformation.
🔗𝗥𝗲𝗮𝗱 𝘁𝗵𝗲 𝗣𝗼𝗹𝗶𝗰𝘆 𝗕𝗿𝗶𝗲𝗳 𝗮𝘁:
ris.org.in/sites/default/fil…
@MEAIndia @DoC_GoI @IndiaWTO @wto @aparnaray_ifs @SKSharma_World @AIC_aseanindia @DakshinNews @cmec_ris @fitm14 @fisd19
#WTOReform #WorldTradeOrganization #MultilateralTradingSystem #GlobalTradePolicy #IndustrialPolicy #PolicySpace #MC14 #StructuralTransformation #Industrialization #Subsidies #ASCM #TradeNegotiations #DevelopingCountries #EconomicDevelopment