New Delhi, March 28 (IANS) Union Commerce and Industry Minister Piyush Goyal has stressed the importance of consensus-based decision-making and addressing structural imbalances in global trade as WTO members deliberated on reform issues during the second day of the 14th Ministerial Conference (MC14) in Cameroon.Leading the Indian delegation, Goyal said that consensus remains the bedrock of the WTO’s legitimacy and cautioned against undermining the sovereign right of members to not be bound by …
Latest Uruguay Round News & Updates
New Delhi, March 28 (IANS) Commerce and Industry Minister Piyush Goyal has emphasised that WTO discussions must address the asymmetries from the Uruguay Round, underlining the importance of all members having a fair opportunity to build productive capacity, create employment, and participate meaningfully in global trade.The minister said that the multilateral trading system must ensure that innovation, development and opportunity are shared equitably among Members. He also stated India’s commitm…