: India has shown resilience for its MSMEs, startups: Commerce Minister Piyush Goyal #FinanceIndia #StockMarketNEWS India has shown resilience for its MSMEs, startups: Commerce Minister Piyush Goya

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India has shown resilience for its MSMEs, startups: Commerce Minister Piyush Goyal #FinanceIndia #StockMarketNEWS
India has shown resilience for its MSMEs, startups: Commerce Minister Piyush Goya New Delhi, June 17 (KNN) Union Minister of Commerce & Industry, Piyush Goyal said that India today bats on the front foot rather than being fearful on various issues be it Environment, Startups, MSMEs or gender equality and called it a result of the confidence of New India.

India is able to build consensus & get in a win-win outcome for the world, he said after conclusion of the WTO 12th Ministerial Conference in Geneva on Friday.

The minister said that India has been able to secure a favourable outcome at the WTO after many years, despite a strong global campaign against our farmers & fishermen.

Terming it an “outcome oriented” success, Goyal said the Indian delegation, guided constantly by the Prime Minister Narendra Modi, has been 100 percent successful in portraying before the world the priority issues for India and the developing world.

He said India remains committed to supporting the World Food Programme (WFP).

Citing India’s recent wheat supplies to Afghanistan, he said the Government has imposed no export restrictions on WFP purchases for food security in other countries; however, domestic food security takes priority.

On the global fight against the Covid19, the minister said the Trade-Related Aspects of Intellectual Property Rights (TRIPS) decision will boost vaccine equity, accessibility & affordability. It will enable ease of authorisation for production of patented vaccines and India can produce for domestic requirements and exports.

Reflecting on the WTO Reforms agenda, he said the basic structure and core principles of WTO including Consensus, S&DT provisions, SDG goals, will be retained while making it more contemporary.

“I believe it will be good for the WTO, and will be good for the developing and under-developed countries in the future and foster global trade through transparent means,” he said. (KNN Bureau)