'Smallest trader receives...': What Piyush Goyal said as he rejects conditional MFN treatment at G20 meet
Union Commerce and Industry Minister Piyush Goyal made it clear that India opposes linking the Most-Favoured-Nation (MFN) status to voluntary or selective WTO rules. He was attending the the G20 Trade Ministers' Meeting Session.
India's Commerce and Industry Minister Piyush Goyal stated that India opposes linking the Most-Favoured-Nation (MFN) status to voluntary or selective WTO rules at the G20 Trade Ministers Meeting Session.
Goyal also mentioned that India does not have structural excess manufacturing capacity in sectors identified by the G20 Presidency, according to The Economic Times - Economy. He added that India's manufacturing capacity serves both domestic and global needs.
The minister further noted that diversification of production and supply chains is a legitimate objective, but it cannot be used as a pretext for measures outside WTO rules or shifting the burden of adjustment onto developing countries.
Brief written by urgent.news from Live Mint, The Economic Times - Economy — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Piyush Goyal calls for WTO-compliant measures to address global trade distortions at G20 meet livemint.com
- Just do it: Goyal to Nike on investment in India economictimes.indiatimes.com
