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Goyal Calls for WTO Rules to Address Global Trade Distortions
Piyush Goyal represented India at a G20 meeting about global trade.
He said some countries’ subsidies and government support can make their exports unusually cheap.
This can hurt businesses in other countries through dumping or predatory pricing.
Goyal said countries should respond using rules already allowed by the World Trade Organization.
He supported checking evidence and allowing courts to review such actions.
He said countries may diversify where they produce goods, but should not use that goal to break trade rules.
He also said developing countries need room to grow and protect food security.
Goyal supported fair trade rules, consensus at the WTO and restoring its two-level dispute settlement system.
India’s Commerce Minister Piyush Goyal urged G20 members to address trade distortions through WTO-compliant measures.
He supported evidence-based anti-dumping and countervailing duties subject to judicial review.
Goyal said supply-chain diversification is legitimate but must not bypass WTO rules or burden developing countries.
He defended MFN principles, consensus-based decision-making and special treatment for developing economies.
Goyal called for restoring the WTO’s two-tier dispute settlement system and supported the United Kingdom’s 2027 G20 Presidency.
- Who
- Piyush Goyal, India’s Commerce and Industry Minister, addressed G20 trade ministers.
- What
- Goyal called for WTO-compliant action against trade distortions and defended rules supporting developing countries.
- Where
- Milwaukee, United States.
- When
- On the concluding day of the G20 Trade Ministers’ Meeting; the United Kingdom is to hold the G20 Presidency in 2027.
- Why
- To address concerns about dumping, predatory pricing, hidden subsidies and state support while preserving a rules-based trading system and policy space for developing countries.
Key facts
- Speaker
- Piyush Goyal, India’s Commerce and Industry Minister
- Meeting
- G20 Trade Ministers’ Meeting
- Location
- Milwaukee, United States
- Proposed measures
- Evidence-based anti-dumping and countervailing duties subject to judicial review
- Trade principles
- Transparent, non-discriminatory, rules-based and multilateral trade with the WTO at its core
- Developing countries
- Goyal called for preserving special and differential treatment and policy space
- Additional priority
- Restoration of the WTO’s two-tier dispute settlement system
Sources
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