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Budget News

  • India Believes In Multilateralism And Strengthening WTO
  • January 17,2020  09:35
  • India strongly believes in multilateralism and will work for the strengthening of the WTO with other stakeholders said Union Minister of Commerce and Industry & Railways,Piyush Goyal, in New Delhi yesterday. He was part of a panel discussion at the Raisina Dialogue being held in the National Capital on 14-16 January 2020.

    India has been at the receiving end of unfair trade practices for a very long time and therefore believes in the creation of a far more reformed rules based trading system said the Minister.

    He further stated that India also believes in the strengthening of the WTO and is one of the first four countries to pay all its dues to the World Trade Body.

    Commerce and Industry Minister stated that it is the right time now to make trade policies that are people centric to be sustainable, to eliminate poverty and raise prosperity levels for all citizens.

    Piyush Goyal informed that India has not imposed any curbs on imports from either Malaysia or Turkey or any other country and it believes in fair play and equal terms for all trading partners and if curbs are imposed,they apply to all countries.

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