TMI BlogCommerce Minister bats strongly for India and the Developing World at the WTO;X X X X Extracts X X X X X X X X Extracts X X X X ..... Commerce Minister bats strongly for India and the Developing World at the WTO; - News and Press Release Dated:- 15-7-2021 - News - Commerce Minister bats strongly for India and the Developing World at the WTO; Emphasizes PM Modi s thrust to promote the fishing sector; Seeks to protect poor and artisanal fishermen of India; Commerce Minister speaks out for preserving India s right to hi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gh seas and domestic fishing on par with developed countries; India can t sacrifice future ambition ; Asks not to repeat mistakes made 30 years ago in Agriculture Minister of Commerce Industry, Consumer Affairs and Food Public Distribution and Textiles, Shri Piyush Goyal today spoke strongly for the rights of developing countries at the Ministerial meeting of the WTO on the crucial ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fisheries subsidy negotiations. The meeting was attended by Ministers and Ambassadors from other WTO members and the DG WTO Dr. Ngozi. Delivering a strong statement on behalf of India, Shri Goyal stated that while India is very keen to finalize the agreement because irrational subsidies and overfishing by many countries is hurting Indian fishermen and their livelihood. He expressed his disappoi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntment that the Membership is still short of finding the right balance and fairness in the agreement. The minister also emphasized Prime Minister Modi s thrust to promote fishing sector and protect small fishermen. Shri Goyal cautioned that we should not repeat the mistakes made during the Uruguay Round three decades ago that allowed unequal and trade-distorting entitlements for select develope ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d country Members, particularly in agriculture. These unfairly constrained less developed members who did not have the capacity and resources to support their industry or farmers then. Shri Goyal expressed concern that any unbalanced or unequal agreement now would bind us into current fishing arrangements, which may not meet future requirements. He pointed out that it is essential that big subsidi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... zers take greater responsibility to reduce their subsidies and fishing capacities, in accordance with the principles of Polluter Pays and Common but Differentiated Responsibilities . Shri Goyal observed that any agreement must recognize that different countries are at different stages of development and that current fishing arrangements reflect their current economic capacities. The agreemen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t has to provide for current and future needs. While putting forth India s demands, he said that the per capita fisheries subsidy given by most developing countries is minuscule compared to advanced fishing nations. Shri Goyal clearly demanded that countries like India who are yet to develop fishing capacities, cannot sacrifice their future ambitions. Allowing advanced nations to continue grant of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... subsidies is unequal, unfair and unjust. While responding to the specific question posed by the DG to the ministers, he said that limiting Special Differential Treatment (S DT) to poor and artisanal fishermen only is neither appropriate nor affordable, and is not acceptable. S DT is required to not only protect livelihoods of poor fishermen but also to address food security concerns, have ne ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cessary policy space for developing the fisheries sector and the need for larger time period for any transition.. Highlighting that protection of environment is ingrained in the Indian ethos for ages and has been repeatedly stated by our Prime Minister, Shri Goyal urged that India is committed to conclude the negotiations, as long as it provides for balancing current and future fishing needs, p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... reserving space for equitable growth in fishing capacities in future, and an effective S DT without any imbalances. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
