TheNFAPost Podcast

He said countries need to actively resolve new trade barriers like vaccine differentiations or COVID passports, which impose mobility restrictions

Piyush 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

He urged Developed Countries to fulfil their commitments regarding Transfer Of Technology and Climate Finance; He also said India among few countries on track to exceed SDG commitments as per the Paris Agreement.

The Union Minister of Commerce & Industry 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,” Piyush Goyal said while addressing to the G20 Trade and Investment Ministerial Meeting in Naples, Italy.

Piyush 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.

Underlying the need for an early universal vaccination against Covid19, The Union Minister also said apart from focusing on facilitating free flow of goods, G20 countries should join in efforts to make health services accessible and more affordable by the citizens of the world by enabling free flow of health services.

“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,” said Piyush Goel.

Calling for an equitable and balanced outcome to the trade negotiations in the Fisheries sector, Piyush 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, Piyush Goyal also discussed the Agreement on joint multilateral positions in Fisheries etc with his Australian counterpart during a one-to-one meeting.

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.

The Minister 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.

Previous articleIndian IPOs Will Raise $10 Billion In Next Six Months: KPMG
Next articlePaytm Brings Digilocker To Mini App Store To Access All Documents Digitally

LEAVE A REPLY

Please enter your comment!
Please enter your name here