India speaks tough at WTO, says ‘will not bow under any pressure’

New Delhi [India], Jun 12 (ANI): India spoke tough in Geneva. Union Trade and Industry Minister Piyush Goyal in his remarks during the closed session of the 12th Ministerial Conference spoke of spiraling food inflation and the need for an agreement on the holding of food stocks by developing countries

Piyush Goyal said: “After the Bali Ministerial Decision in 2013, the General Council in 2014 mandated a permanent solution on the issue of public food stocks, which has already been delayed. This should be the top priority of the 12th Ministerial Meeting of the WTO (MC12), before we move into new areas.Nothing is more important than this to the people of the world.

Trade Minister Piyush Goyal also accused the WTO of failing to protect the health of people in poor countries during the Covid-19 pandemic. He said: “The pandemic has reinforced the importance of ‘One Earth One Health’, calling for global solidarity and collective action. My country has stepped up the supply of medical supplies to provide medical and health items in the whole world. Unfortunately, the WTO could not react with alacrity. . We have failed the people of LDCs and developing countries. Rich countries must look inward.”

Earlier on Sunday, India participated in the G33 ministerial meeting hosted by Indonesia. During the meeting, the Trade Minister said: “We are fighting for developing countries and LDCs. They are always the beneficiaries.” He mentioned the Uruguay agreement and how the developing world has been bullied in the past.

Goyal told reporters that he discussed and presented India’s perspective on food stocks, fisheries, agriculture and vaccines in meetings with WTO Director General Ngozi Okonjo-Iweala. , United States Trade Representative Katherine Tai and South African Minister of Commerce. Ebrahim Patel in Geneva.

He also stressed that India will not yield under any pressure. In response to the ANI reporter, he said, “No power on earth can pressure the India of today. No one can pressure the ‘Aatmanirbhar Bharat’ of today. We We can take on any challenge. We don’t make decisions under pressure.”

India has also warned the WTO against any agreement on cutting subsidies in the fisheries sector. Goyal said the mistakes of the past should not be repeated.

He continued: “The fishing practiced by traditional fishermen and women in my country aims to fight against hunger, poverty, food and nutrition insecurity, which is largely a subsistence fishery. Their right to life and means of subsistence may not be restricted in any way.

“On the contrary, the nations responsible for depleting fish stocks should take responsibility, having exploited the oceans for too long by providing subsidies. Fisheries are a global public good and must be shared equitably taking into account the past and keeping the future in mind to strike the right balance between the principles of common but differentiated responsibility.”

“For food security and the eradication of hunger, sustainable fisheries are as important as agriculture, which is an important goal of the SDGs. Let’s not repeat the mistakes of the Uruguay Round on agriculture in a fishing,” he added.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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