WTO's dispute settlement system should be fully functional, says Piyush Goyal

The auto sector's performance is influenced by global trade policies and economic stability. While not directly mentioned, a stable global trade environment (facilitated by WTO) can indirectly support export-oriented auto manufacturers.

• •India urged WTO members to restore the dispute settlement system's functionality.
• •The current dysfunctionality prevents effective redressal for member countries.
• •Commerce Minister Piyush Goyal called for a careful reconsideration of extending the moratorium on customs duties for e-commerce trade.
• •Risk flag: Uncertainty around global trade policies could indirectly affect export-oriented auto companies.
• •Risk flag: Any changes to e-commerce duties might impact auto parts or accessories sold online.