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EC🌍 #PiyushGoyal’s strong message to world: #India pushes core #tradeissues, blocks #IFDA at #WTO ⚖️ | https://tinyl.co/4TFL
@economictimes
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3.7K
AICommerce and Industry Minister Piyush Goyal at #WTOMC14 says rebuilding trust is essential to revitalising consensus-driven decision-making, which is non-negotiable and the bedrock of the World Trade Organisation.
@CimGOI @DoC_GoI
#PiyushGoyal #WorldTradeOrganisation #TradePolicy #GlobalEconomy #CommerceAndIndustry #TradeConsensus #EconomicGrowth
@airnewsalerts
3.9K
BUIndia Takes Firm Stand at WTO, Rejects IFD Inclusion Without Safeguards: Piyush Goyal
#IndiaWTO #PiyushGoyal #IFD #WTONegotiations #DevelopingCountries #TradePolicy #Multilateralism #PlurilateralAgreements #GlobalTrade #IndiaTradePolicy #WTOMinisterial
@business_today
8.5K
NEIndia just took a bold, solitary stand at the WTO’s 14th Ministerial Conference in Cameroon, rejecting a China-backed Investment Facilitation for Development (IFD) Agreement that 128 countries support. Commerce Minister Piyush Goyal said the deal risks undermining the WTO’s foundational principles. With South Africa and Turkey both withdrawing their opposition in recent months, India is now the only holdout. In this video, we break down what the IFD Agreement is, why China pushed it, why 98 of 128 supporting countries are Belt and Road members, and what India’s real strategy might be.
[India WTO, India opposes China WTO, IFD Agreement WTO, India WTO MC14, Piyush Goyal WTO, India vs China trade, WTO investment pact, Belt and Road WTO, India alone WTO, WTO Cameroon 2026, India trade news, global trade, WTO reform, India foreign policy]
@nelsonjohn360
156
SHIndia Advocates Consensus-Based WTO Reforms at MC14
🔹 Ministry: Ministry of Commerce & Industry
🔹 Minister: Shri Piyush Goyal
🔹 Key Statement: India emphasized that consensus-based decision-making is the foundation of WTO’s legitimacy. 0
🔹 Reform Approach: Called for transparent, inclusive, and member-driven WTO reform processes. 1
🔹 Structural Issues: Highlighted need to address asymmetries arising from the Uruguay Round. 2
🔹 Priority Issues: Food security, Public Stockholding (PSH), and cotton-related concerns need urgent attention. 3
🔹 Dispute System: Pointed out dysfunction in WTO dispute settlement mechanism affecting enforceability. 4
🔹 Warning: Cautioned against plurilateral agreements fragmenting the multilateral system. 5
🔹 Reform Roadmap: Supported time-bound reform process with milestones and stronger evidence-based approach. 6
🔹 Global Equity: Emphasized fair opportunity for all members to build capacity and participate in global trade. 7
🔹 Diplomacy: Bilateral meetings held with US, China, Korea, Switzerland, New Zealand, Canada, Morocco, and Oman. 8
Why Important for Exam:
🔹 WTO structure, functioning, and reform debates.
🔹 Consensus vs plurilateral trade negotiations.
🔹 Issues like PSH, food security, and dispute settlement.
🔹 India’s role in global trade governance.
Source : PRESS INFORMATION BUREAU (PIB)
@shambhavibriefca
209
SHIndia at WTO MC14: Push for Fair & Inclusive Global Trade
🔹 Ministry: Ministry of Commerce & Industry
🔹 Minister: Shri Piyush Goyal
🔹 Event: India participated in the 14th WTO Ministerial Conference (MC14) held in Yaounde, Cameroon. 0
🔹 Key Stand: India called for WTO reforms through a transparent, inclusive, and member-driven process. 1
🔹 Core Principles: Emphasis on non-discrimination, consensus-based decision making, and equity. 2
🔹 Global Engagement: Meetings held with WTO Director-General and Cameroon PM to strengthen cooperation. 3
🔹 Bilateral Talks: Discussions with EU, US, Netherlands, France, Ethiopia, and others to deepen trade ties. 4
🔹 Trade Agreements: Progress reviewed on India-EU FTA, India-New Zealand FTA, and ongoing negotiations with Chile & Peru. 5
🔹 Strategic Focus: Strengthening multilateral trading system with development at its core. 6
Why Important for Exam:
🔹 WTO structure, role, and reform debates.
🔹 India’s stance in global trade negotiations.
🔹 FTAs and bilateral trade relations.
🔹 Principles of multilateral trading system (non-discrimination, consensus, equity).
Source : PRESS INFORMATION BUREAU (PIB)
@shambhavibriefca
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INUnion Minister Shri Piyush Goyal highlighted that India’s Free Trade Agreements are opening new opportunities for the pharmaceutical, healthcare and medical technology sectors, while strengthening India’s position in global trade. Over the past three to three-and-a-half years, India has signed nine FTAs, expanding market access and creating new opportunities for exporters. These agreements are benefiting farmers, MSMEs and innovation sectors, while reinforcing India’s global reputation as the “Pharmacy of the World.”
#DoC_GoI #IndiaExports #GlobalTrade #FTAs
@pibindia
@india_deptofcommerce
145
STThe 14th Ministerial Conference in Yaoundé highlighted a major divide. While progress was made on integrating small economies, India stood firm against big-player biases in Fisheries Subsidies and Investment Facilitation (IFD) to protect its domestic interests and the WTO’s consensus-based roots.
#WTOMC14 #GlobalTrade #IndiaAtWTO #PiyushGoyal #EconomicPolicy #FisheriesSubsidies #DigitalTrade #Yaounde2026 #WTOReform #TradeJustice #GlobalSouth
@statecraft.ias
777
INIndia continues to take a clear and balanced stand at the World Trade Organization (WTO), prioritising farmers, food security, and fair global trade. By focusing on Public Stockholding (PSH), Special Safeguard Mechanism (SSM), and supporting stability under Trade-Related Aspects of Intellectual Property Rights (TRIPS), India is strengthening a predictable and inclusive global trade system.
#DoC_GoI #IndiaAtWTO #GlobalTrade #IndiaExports
@pibindia
@india_deptofcommerce
190
BOWTO Summit: India Defends Fishermen! #shorts
#WTO #India #PiyushGoyal #Fishermen #GlobalSouth #EconomicPolicy #Trade #Cameroon #Subsidies #FoodSecurity #shorts
@borderlinetheory
590
BEFor the first time since India pulled out of the China-led Regional Comprehensive Economic Partnership (RCEP) negotiations in 2019, Commerce and Industry Minister Piyush Goyal held bilateral talks with his Chinese counterpart Wang Wentao on the sidelines of the 14th World Trade Organisation (WTO) interministerial conference in Cameroon last week.
“I also met after a long time, the minister from China with whom we discussed ways to expand trade, move towards more balanced trade and generate trust to help smooth bilateral trade between China and India and give greater opportunity for our exporters to export our pharmaceuticals, engineering goods, fish and farm products. All in all, a good start to generating greater opportunities for our exporters in China,” Goyal said Thursday while speaking about bilateral engagements at the WTO.
The talks between the two ministers come at a time when trade tensions between the two countries, simmering since 2020, have been showing signs of easing. While China has eased restriction of rare earth magnets and stepped up imports of Indian goods, Delhi has also moderated its restrictions on Chinese investments.
However, India has maintained its opposition to a China-led proposal at the WTO. After South Africa lifted its opposition to the Investment Facilitation for Development (IFD), India was the only country blocking the investment agreement.
“India has successfully been able to ensure that a plurilateral like Investment Facilitation for Development (IFD) cannot be brought into the Annexure 4 of the Marrakesh agreement,” Goyal said.
India-China relations had taken a hit following Chinese incursions along the Line of Actual Control in eastern Ladakh, more so after the Galwan Valley clash in June 2020. A month before the clash, India had imposed restrictions on investments from China through Press Note 3 (PN3) in April 2020, making government approval mandatory for investments from countries sharing a land border with India.
The move was aimed at preventing opportunistic takeovers during the Covid-19 pandemic and had remained in force amid heightened national security concerns following the Galwan clash.
#china #india #export
@beyondthepolitics_
9.3K
GLIndia has strongly opposed the China-backed Investment Facilitation for Development (IFD) Agreement being included under the World Trade Organization framework during the ongoing ministerial talks in Cameroon.
Commerce Minister Piyush Goyal said that bringing this pact into WTO rules could undermine the organisation’s core principles and functional structure.
India has taken a lone stand, especially after countries like Türkiye withdrew objections, while over 130 WTO members support the deal.
This content is owned by pulse media network.
@globalpulse__
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