New Delhi, March 31 (IANS) Commerce Minister Piyush Goyal has said that consensus-based decision-making is the bedrock of the WTO’s legitimacy, as the discussions related to reforms in the global trading system, electronic commerce, TRIPS non-violation and the package for least developed countries (LDCs) will now continue in Geneva.The minister’s statement comes after the conclusion of the 14th Ministerial Conference of the WTO at Yaounde in Cameroon on Monday, where he led the Indian delega…
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New Delhi, March 30 (IANS) Commerce and Industry Minister Piyush Goyal has emphasised the importance of a balanced and responsive World Trade Organization (WTO) that effectively addresses the needs and aspirations of all members, particularly developing countries and Least Developed Countries (LDCs).Goyal had valuable discussions with Dr. Ngozi Okonjo-Iweala, Director-General of the WTO, as part of engagements at the 14th WTO Ministerial Conference (MC14) held in Yaounde, Cameroon.“Acknowledge…
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…
New Delhi, March 27 (IANS) Union Commerce and Industry Minister Piyush Goyal has said that WTO reforms must be pursued through a transparent, inclusive and member-driven process, with development at its core, at the ongoing 14th Ministerial Conference (MC14) in Yaounde, Cameroon, an official statement said on Friday.He also underlined the need to uphold key principles such as non-discrimination, consensus-based decision-making and equity.On the sidelines of the conference, Goyal met Cameroon Pri…
New Delhi, March 25 (IANS) India will adopt a constructive, balanced and development-oriented approach at the upcoming WTO Ministerial Conference (MC14) — scheduled to be held from March 26-29 in Yaounde, Cameroon, the government said on Wednesday.India’s delegation will be led by Commerce and Industry Minister Piyush Goyal, along with senior officials, technical experts and representatives from various ministries.The discussion will focus on WTO reform, the e-commerce work programme and mora…