PIB | 18 Jun, 2022
Complimenting the Commerce and Industry Minister Piyush Goyal on achieving a positive and favourable outcome at the just
concluded WTO Ministerial Conference, FICCI President Sanjiv Mehta
said, "It's great to see our Commerce Minister Mr Piyush Goyal has successfully
negotiated and secured a favourable outcome for the country on a number of
critical issues at the 12th Ministerial Conference of WTO."
"It is a matter of immense
satisfaction to see that, thanks to Commerce Minister's firm stand and
steadfast efforts, the voice of the poor and vulnerable was effectively raised
and heard on the global platform," FICCI President highlighted.
Key decisions taken by the
WTO members at the MC-12 will benefit India and the developing world. Mehta further said, "In particular, the outcome on the fisheries subsidies
would imply that there would be a check on illegal, unreported and unregulated
fishing".
"Strict controls on overfished areas would ensure that fish stocks are not
depleted fast. Also, it is reassuring that the decision on TRIPS will diversify
vaccine manufacturing capacity and lead to vaccine equity, accessibility and
affordability," he added.
"We are glad that India
was at the centrestage of the negotiations during past few days and made a
significant contribution to the 'Geneva Package' agreed by the member
countries. This is an important deal and expected to go a long way in restoring
the confidence in WTO and revitalizing the multilateral trading system," added Mehta.
