WTO must rein in nations violating trade rules: Piyush Goyal

Commerce and Industry Minister calls for a reboot of the way the world body goes about its business to deal with such situations.

Ahead of the World Trade Organisation (WTO) ministerial meet beginning later this month, Commerce and Industry Minister Piyush Goyal on Thursday hit out at countries not working transparently as per global trading rules, without naming China, and called for a reboot of the way the world body goes about its business to deal with such situations.

Taking on the developed nations for seeking to treat countries with low per capita incomes on a par with far richer nations, Mr. Goyal urged them to introspect on whether they were letting the least developed and developing nations down on trade, sustainability as well as climate change goals.

“The world today has to reassess whether countries across the world are truly and genuinely following the multilateral rules in terms of transparency, fair play and honest business practices,” he noted and stressed that the WTO should reassess the way it had been conducting its affairs.