Ministry of Commerce & Industry Press Release dated 12th Oct 2021

Leading India’s intervention, Shri Piyush Goyal calls for waiver of IPR and dismantling new trade barriersin the global fight against the pandemic

“We need to actively resolve new trade barriers like vaccine differentiations or COVID passports, which impose mobility restrictions and impede the movement of personnel needed for delivering critical services:” Shri Goyal’ssays at G20 Trade Ministers

Shri Goyal asks countries engaged in distant water fishing to stop subsidizing their fishing in high seas and gradually reduce their fishing capacities, particularly, for overfished stocks

Shri Piyush Goyal urges Developed Countries to fulfil their commitments regarding Transfer OfTechnology and Climate Finance

“India among few countries on track to exceed SDG commitments as per the Paris Agreement,” says Shri Goyal

Shri Piyush Goyal meets Ministers of G 20 to advance India’s trade position and negotiated bilateral and multilateral agreements

The Union Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles, Shri Piyush Goyal has called for waiver of Intellectual Property Rights (IPR) and dismantling new trade barriers in the global fight against the COVID19 pandemic.

“Our response to the pandemic needs to ensure equitable access to vaccines and other COVID-19 related health products by ensuring quick resolution of the supply side constraints. One of the ways to demonstrate this is by accepting the TRIPS waiver proposal,” Shri Goyal said, in his address to the G20 Trade and Investment Ministerial Meeting in Naples, Italy today.

Shri Goyal called for actively resolving new trade barriers like vaccine differentiations or COVID passports, which impose mobility restrictions and impede the movement of personnel needed for delivering critical services.

“COVID-19 crisis is a powerful reminder of our inter-connectedness, and the need for a coordinated global strategy to overcome such an unprecedented public health situation,” he said.

Shri Goyal underlined the need for an early universal vaccination against Covid19.

“Apart from focusing on facilitating free flow of goods, I invite G20 countries to join in efforts to make health services accessible and more affordable by the citizens of the world by enabling free flow of health services,” he said, adding,“as a quick response to the pandemic, I am happy to inform that our telemedicine initiative “e Sanjeevani”, has been serving millions of Indians. I am happy to offer it to the entire world.”

Calling for an equitable and balanced outcome to the trade negotiations in the Fisheries sector, Shri Goyal advocated that countries engaged in distant water fishing should stop subsidizing their fishing in high seas and gradually reduce their fishing capacities, particularly, for overfished stocks.

“To achieve balanced outcomes in Fisheries Subsidies, policy space for future is a must, not only to protect the livelihoods of poor and marginal fishermen and address, the food security concerns but also to diversify, modernise and develop the fisheries sector, he said. Separately, Shri Goyal also discussed the Agreement on joint multilateral positions in Fisheries etc with his Australian counterpart during a one-to-one meeting yesterday.

In his G20 Ministerial Address, meanwhile, Shri Goyal also said India is committed towards the United Nations 2030 Agenda on Sustainable Development and the Sustainable Development Goals (SDGs).  

“India is among the few countries which is on track to exceed its commitments as per the Paris Agreement. We urge the Members to fulfil their commitments regarding Transfer Of Technology and Climate Finance, which are far from being fulfilled by the Developed Countries,” he said.

Shri Goyal said sustainability cannot be seen in isolation and has to be linked to making available grant based, long tenure, low cost and concessional & affordable technologies.

 “India has consistently maintained that environmental/sustainability measures need careful assessment to ensure that they do not become new trade barriers and the right forum for them is the dedicated Multilateral Environmental Agreements,” he said.

On Tuesday, it turned out to be a power packed day for Commerce Minister Piyush Goyal on the sidelines of the G20 Trade Ministers Meeting at Sorrento, Italy. He met with nearly 15 Ministers to advance India’s trade position and negotiated bilateral and multilateral agreements. Among the countries and dignitaries met included DG WTO, US, UK, EU, Brazil, China, Australia, South Africa, Indonesia, Canada, South Korea and Mexico.

Shri Goyal unequivocally put forth the position that India is working towards the success of the upcoming WTO 12^thMinisterial Conference (WTO MC12) next month but the outcome must be just and equitable. “Historical wrongs against developing countries must be corrected rather than being carried over,” he said.

In his meetings with the Canadian Minister, Shri Goyal discussed steps to take forward the FTA negotiations with the newly elected Government while he called upon his South Korean and EU counterparts to accelerate review of the FTA. With the Mexican Minister, Shri Goyal discussed cooperation in healthcare. Shri Goyal also met with the DG, WTO to discuss the MC12 agenda.