1774870961254.webp

India’s WTO Position Reflected in Ministerial Conference Outcomes, Says Goyal​

India’s Growing Influence in Global Trade Discussions​

New Delhi, March 30 – Union Commerce and Industry Minister Piyush Goyal stated on Monday that India’s stance at the recently concluded World Trade Organization (WTO) Ministerial Conference (MC14) in Cameroon was “not only heard but also reflected” in the final outcomes, highlighting the country’s increasing influence in shaping global trade discussions.

Concluding a four-day visit to Cameroon, where he participated in the WTO Ministerial Conference, Minister Goyal noted that the global trade landscape has undergone significant changes since the last meeting held in Africa a decade ago. He emphasized that India played a key role in articulating the concerns of the Global South, ensuring that the needs and aspirations of developing countries and Least Developed Countries (LDCs) were given due importance during negotiations.

“India constructively engaged in all agenda items and, in areas where we had strong concerns, we took positions based on the principles of openness, fairness, non-discrimination and inclusivity,” the minister said in a post on social media platform X. He added that these principles remain the cornerstone of India’s engagement at the World Trade Organization.

During the conference, Minister Goyal held a series of bilateral meetings with several countries, trading blocs, and key African nations. These meetings, he said, helped build greater understanding and support for India’s positions on critical issues. He acknowledged the efforts of officials from the Department of Commerce, India’s Permanent Mission in Geneva, and other ministries and experts who worked extensively to safeguard the country’s interests at the global forum.

The WTO Ministerial Conference is the highest decision-making body of the organization and plays a crucial role in shaping global trade rules and policies. The MC14 conference commenced on March 26 and concluded on March 29. It was chaired by Cameroon’s Minister of Trade, Luc Magloire Mbarga Atangana.
 

Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.

The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.

Editorial Note

This news article was written and created by Himanshu, and published on IST.
Back
Top