India pitches for interests of developing, under-developed countries at WTO | Latest News India

India has made a strong pitch to protect the interests of developing and underdeveloped countries in the World Trade Organization (WTO).

Union Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textile Minister Piyush Goyal spoke at the WTO 12th Ministerial Conference in Geneva on Monday.

He expressed concern about the proposed “distorted” WTO reforms, the need for developing countries to maintain special and differential treatment (S&TT) regulations, global inequalities in the public inventory of covid vaccinations and food grains. Statement.

“The current proposals for WTO reform can fundamentally change its institutional architecture, turn the system against the interests of developing countries,” Goyal said.

“We need to preserve the core principles of consensus and ensure S&DT, people and development are at the center of the future agenda of the WTO,” he said.

“Friends, those who question the need for S&DT regulations know that the GDP per capita of developed countries is 20 to 50 times higher than that of developing countries. India too is below the GDP of 1.4 billion people. Is it humane, fair or equal for the developing world to take on the same responsibilities? ” He added.

He highlighted the COVID-19 epidemic, which reveals the world’s inability to respond quickly to any crisis on food security or health, economic well-being or free supply chains.

“When the world is desperately looking for a solution, the WTO seems to want it. For example, vaccine inequality persists two years after COVID. There are already some countries where people in LDCs and many developing countries still need to be vaccinated. The 3rd or 4th dose is administered,” he said. “This is a collective failure of global governance and we need to reflect. Responsibility needs to be reflected deeply in their hearts, which helps us to be more equal, fair and well-rounded.

To rebuild trust and credibility, we must first address compulsory issues, Goel said, similar to a permanent solution to public stockholding that was accepted nearly a decade ago.

“The current global food crisis reminds us of what we are doing now! Can we risk the lives of millions of people who depend on food inventory to manage the poor and the weak?” Goyal asked.

“At the time of the epidemic, India alone distributed 100 million tonnes of foodgrain free of charge to about 800 million Indians at a cost of about USD 50 billion. This is more than the foodgrain distributed as part of our National Food Security Program.

Goyal argued that the livelihood of traditional fishermen would not be compromised when negotiating fisheries subsidies.

“We cannot institutionalize the privileges of some countries and impoverish the marginalized classes of society. Those who are not involved in harmful deep sea fishing, we must have differentiation. Countries still rely on food aid, ”he said.

Goyal proposes to adopt an environmentally conscious lifestyle, a more sustainable lifestyle, based on the 3Ps of the “Pro Planet People” to tackle climate change.

“The WTO needs to rebuild trust. It is time to show goodness, concern for the people, the most sensitive to the poorest and weaker sections of society. Inspired by” Vasudhaiva Kudumbakam “,” We believe in India that the world is a family, “he said.

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