Home   »   Economy and Finance   »   Piyush Goyal: After several years, India...

Piyush Goyal: After several years, India able to win favourable WTO outcome

Despite a strong global campaign against Indian farmers and fishermen, India was able to secure a favourable outcome at the WTO after many years, commerce and industry minister Piyush Goyal told the media after the conclusion of the 12th ministerial conference — the WTO (World Trade Organisation)‘s highest decision-making body .

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

Key Points put Forward by Piyush Goyal:

  • Piyush Goyal described the conference as a ‘outcome-oriented success’, saying the Indian team, led by Prime Minister Narendra Modi, was “100% successful” in expressing the top concerns for India and the developing nations to the world.
  • Piyush Goyal also stated that a few countries try to launch a bogus campaign, claiming that India is recalcitrant, preventing progress.
  • The concerns presented by India, on which the Prime Minister had urged to focus, are now recognised by the entire world as the correct agenda, with India playing a key role in achieving all answers.
  • The world order has not been shattered because to India’s attempts to bring members together to debate concerns regardless of the prevailing geopolitical order. There have been no fishing restrictions that will constrain India’s artisanal and traditional fishermen in the future.
  • India has been a complete success; no conditions or limits have been imposed on India or the government; rather, we have been effective in imposing controls on illicit fishing, under-reporting, and outside regulation.

Important Takeaways For All Competitive Exams:

  • WTO Headquarters: Geneva, Switzerland
  • Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution: Shri Piyush Goyal

Find More News on Economy Here

Piyush Goyal: After several years, India able to win favourable WTO outcome_4.1

Federal Reserve of the US has raised interest rates for the first time since 1994_80.1

Leave a comment

Your email address will not be published. Required fields are marked *