Goyal at WTO: Calls for Equitable Sharing of Innovation, Strengthens Trade Ties

Union Minister Piyush Goyal emphasized the need for the multilateral trading system to ensure equitable sharing of innovation and opportunity among WTO members. He reiterated India's commitment to constructive engagement to keep the WTO central to global trade. On the sidelines of the MC14 conference in Yaounde, Goyal held numerous bilateral meetings with trade officials from Canada, Jamaica, Saint Vincent, Morocco, and Oman. These discussions focused on reviewing ongoing trade negotiations and exploring ways to deepen bilateral economic cooperation.

Key Points: Piyush Goyal at WTO MC14 Pushes for Equitable Trade, Opportunity

  • Advocates for equitable sharing of innovation
  • Reiterates India's constructive WTO role
  • Reviews India-Canada CEPA progress
  • Discusses bilateral trade with multiple nations
3 min read

Piyush Goyal calls for equitable sharing of innovation, opportunity at WTO MC14

India's Piyush Goyal advocates for equitable sharing of innovation at WTO MC14, holds key bilateral meetings to strengthen global trade cooperation.

"The multilateral trading system must ensure that innovation, development & opportunity are shared equitably among Members. - Piyush Goyal"

New Delhi, March 28

Union Commerce and Industry Minister Piyush Goyal said the multilateral trading system must ensure that innovation and development are shared equitably among member nations, while reiterating India's commitment to constructive engagement at the 14th World Trade Organization Ministerial Conference.

In a post on X during the conference in Yaounde, Goyal said, "The multilateral trading system must ensure that innovation, development & opportunity are shared equitably among Members." He added that India remains committed to strengthening global trade cooperation, stating, "India is committed to engage constructively so that the WTO remains central to global trade."

On the sidelines of the conference, Goyal also held several bilateral meetings with foreign ministers and trade officials to discuss economic cooperation.

Goyal met Maninder Sidhu of Canada and discussed ongoing trade negotiations between the two countries. "Met Canada's Minister of International Trade, Mr. Maninder Sidhu, on the sidelines of the #WTOMC14. Exchanged views on the MC14 agenda, reviewed progress on the recently launched India-Canada CEPA negotiations, and explored ways to further strengthen our bilateral trade & economic cooperation," he posted on X.

He also met Kamina Johnson Smith of Jamaica and discussed the conference agenda. "Met Ms. Kamina Johnson Smith, Senator & Minister of Foreign Affairs and Foreign Trade of Jamaica, as part of engagements at #WTOMC14, and discussed key elements of the MC14 agenda," Goyal posted.

In another meeting, Goyal interacted with Dwight Fitzgerald Bramble. He said, "Met Mr. Dwight Fitzgerald Bramble, Minister of Foreign Affairs, Foreign Trade, Foreign Investment and Diaspora Affairs of Saint Vincent and the Grenadines, and exchanged views on #WTOMC14 agenda."

Goyal also met Omar Hejira of Morocco to discuss strengthening bilateral cooperation. "Met Mr. Omar Hejira, Secretary of State to the Minister of Industry and Trade, in charge of Foreign Trade, Kingdom of Morocco, on the sidelines of #WTOMC14. Reaffirmed our historical partnership and explored ways to further strengthen bilateral trade and investment cooperation," he said.

He further held discussions with Pankaj Khimji of Oman regarding bilateral trade ties. "Met Mr. Pankaj Khimji, Advisor for Foreign Trade and International Cooperation, Ministry of Commerce, Industry and Investment Promotion, Oman. We discussed the #WTOMC14 agenda, reviewed the progress of operationalisation of the recently signed India-Oman CEPA, and explored opportunities to further deepen trade & economic cooperation," Goyal said.

The meetings took place on the sidelines of the 14th WTO Ministerial Conference, where member countries are discussing key issues related to global trade, cooperation and the future of the multilateral trading system.

- ANI

Share this article:

Reader Comments

S
Sarah B
Interesting to see the focus on bilateral meetings alongside the multilateral talks. Strengthening ties with countries like Oman and Morocco is smart economic diplomacy. Hope these CEPA negotiations translate to real opportunities for our MSMEs.
A
Aditi M
The words are good, but will the WTO actually deliver? We've heard "equitable sharing" before. The real test is in the final agreements. I hope our negotiators stand firm on protecting our farmers and fishermen.
K
Karthik V
Meeting with Canada's minister is significant given recent tensions. Trade can be a bridge to mend relations. Hope the CEPA talks progress well – it could open up a huge market for our tech and pharma sectors.
P
Priyanka N
As a small business owner, I'm watching this closely. "Equitable opportunity" must mean easier access for our products in global markets, not just words in a speech. Lowering non-tariff barriers is key!
M
Michael C
Constructive engagement is the need of the hour. The global trading system is under strain. India's voice for fairness is important, but it must also be a responsible stakeholder. The Oman CEPA operationalisation is a positive step.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50