Friday, December 9th, 2022 11:15:32

India strongly supports robust WTO reforms and modernization agenda: Commerce Minister Piyush Goyal

Updated: June 16, 2022 12:27 pm

Commerce Minister Piyush Goyal has said that India strongly supports a robust WTO reforms and modernization agenda that is balanced, inclusive and preserves the core principles of the current multilateral system.

He was addressing the 12th Ministerial Conference of WTO in Geneva during the Thematic Session on WTO Reform.

Mr Goyal said, members should agree to address the existing asymmetries implicit in the Uruguay Round agreements. He said, the primary objective of the WTO is to serve as the mechanism through which international trade can become the means for supporting the economic development of Members, particularly the developing countries and the LDCs.

The Minister said, we need to accord priority to the reform needs especially to the crisis at the Appellate body. Mr Goyal said, in all such reforms, we must ensure that multilateral rule-making processes are neither bypassed nor diluted.

He said, Special and Differential Treatment S&D is a treaty-embedded and non-negotiable right for all developing members and its provisions continue to be relevant.

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