The commerce and industry minister called for the world body to restart its way of business to deal with such situations.
Ahead of the World Trade Organization (WTO) ministerial meeting later this month, Commerce and Industry Minister Piyush Goyal on Thursday hit out at countries not acting transparently according to global trade rules, without naming China, and By the way called reboot. The world body does its bit to deal with such situations.
Calling upon the developed countries to treat the countries with lower per capita income at par with the richer countries, Mr. Goyal urged them to introspect whether they can help the least developed and developing countries in terms of trade, stability as well as climate change. But letting it go down. Change target.
“The world today has to re-evaluate whether countries around the world are truly and truly adhering to multilateral rules in terms of transparency, fairness and honest business practices,” he added, emphasizing Said the WTO should re-evaluate the way it conducts its affairs. ,
In contrast, India was ‘proud to follow the rules of T’ with everything done transparently in the public domain, he said. “…so much so that our system allows anyone to remove any file from the government system by paying just Rs.10 [as] Our Right to Information laws are so strong,” he pointed out.
question the messenger
Mr Goel was responding to a question by David Paine, High Commissioner of New Zealand to India, about the changes needed in the global trade rules regime. He said New Zealand wanted India to join the Regional Comprehensive Economic Partnership (RCEP) but it was an “agreement between two unequals”.
“We are looking at a transparent, honest trading system in India and an agreement with certain geographies that do not share information, do not provide access to the market to all equally and openly, where hidden There have been subsidies that I never get to act because I don’t have the information, where you ask for data but you never get the data,” said Mr Goyal, pointing to China, a key member of RCEP. said.
“Our pharma industry is trying for four years but is not able to reach the market. And here, in India, we open 100% automatic approvals, anyone can invest and buy our companies,” he observed at the global economic summit organized by the Confederation of Indian Industry.
It was important to reform the World Trade Organization to prevent open violations of trade rules by such countries, but any talk of these changes prompted the developed world to ‘immediately’ reform what was less developed and developing. The special and differential treatment trade advantage for countries should continue. ,
“I think it’s very unfair. I can understand the discussion about which countries are considered developing and which countries are now considered developed. But depriving countries of differentiated treatment in their business practices when they make $1000, $600 to $3,000 per capita income level, and placing them on the same benchmark as a country that makes $60,000 or $80,000 per capita is grossly unfair, he insisted, and asked the developed world to ‘watch their priorities’. urged.
‘They make a lot of noise’
Developed countries make ‘great noise’ about the Sustainable Development Goals and climate change goals but they were not doing enough in terms of helping the less developed meet their obligations while developing their economies and the aspirations of billions. While completing it, Shri Goyal emphasized.
“A young boy, in a remote village in the hinterland of India, today even looks at Sydney, Brisbane or Dunedin through TV and the Internet. Does he have no aspirations? Does he have the desire to have all those goodies? Isn’t it? Doesn’t he have a right to those good as a human being. I would request the developed countries to introspect on what they have done for the rest of the world.
Mr. Goyal is India’s Sherpa to the G20 and will lead his delegation to the WTO Ministerial Council meeting in Geneva from November 30 to December 3.
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