Piyush Goyal Advocates for Removal of Non-Tariff Barriers to Promote Fair Trade
India has taken a strong stance at the OECD ministerial council meeting in Paris, urging fellow World Trade Organization (WTO) members to address non-tariff barriers and trade distortions imposed by non-market economies. Commerce and Industry Minister Piyush Goyal emphasized the need for a robust dispute settlement mechanism within the WTO to ensure fair trade practices. The meeting included representatives from around 25 countries, setting the stage for discussions leading up to the upcoming WTO ministerial conference scheduled for March in Cameroon.
Addressing Non-Tariff Barriers
During the meeting, Minister Goyal highlighted the detrimental impact of non-tariff barriers on market access for various nations. He called for collective action against these barriers, which some countries utilize to limit competition and market entry for others. Goyal stressed the importance of a strong dispute settlement mechanism at the WTO, which would provide clarity and maintain discipline among member nations. He stated, “India made a strong pitch for addressing non-tariff barriers that certain countries use to deprive others of market access.” This call to action reflects India’s commitment to fostering a fair and equitable global trade environment.
Strengthening Consensus and Support for Developing Nations
Goyal also advocated for reinforcing the WTO’s consensus-based approach, which is crucial for effective decision-making among member countries. He emphasized the need to continue special and differential treatment for developing and least developed nations, ensuring they receive the support necessary to compete on a global scale. The minister urged fellow members to refocus on issues that have already been agreed upon in past ministerial meetings, rather than introducing new complexities. This approach aims to streamline negotiations and foster a more collaborative atmosphere within the WTO.
Key Agricultural Issues and Sustainability Concerns
The discussions also touched on pressing agricultural issues, particularly the need for a permanent solution to public stockholding of food grains. Goyal pointed out the importance of addressing overfishing and unsustainable fishing practices that threaten fish stocks globally. He noted that several joint statement initiatives (JSIs) are under consideration, with some countries advocating for their inclusion within a multilateral framework. These discussions reflect a growing recognition of the need for sustainable practices in agriculture and fisheries, which are vital for food security and environmental health.
Concerns Over New Proposals and Dispute Resolution Mechanisms
On the topic of a China-led proposal for an investment facilitation pact, Goyal expressed reservations, stating that existing issues mandated at the WTO should take precedence. He cautioned that introducing topics beyond traditional trade could exacerbate divisions among member countries. Additionally, he mentioned the Multi-Party Interim Appeal Arbitration Arrangement (MPIA), which aims to address WTO dispute appeals in the absence of a functioning appellate body. Goyal noted a lack of consensus around the MPIA, indicating that only a few members had raised it during discussions. This highlights the ongoing challenges in achieving a unified approach to dispute resolution within the WTO framework.
Observer Voice is the one stop site for National, International news, Sports, Editor’s Choice, Art/culture contents, Quotes and much more. We also cover historical contents. Historical contents includes World History, Indian History, and what happened today. The website also covers Entertainment across the India and World.
Follow Us on Twitter, Instagram, Facebook, & LinkedIn
