Milwaukee, Oct. 2 -- Union Minister of Commerce and Industry Piyush Goyal called for a World Trade Organization-compliant approach to tackle trade distortions and excess capacity during the concluding day of the G20 Trade Ministers' Meeting in Milwaukee, Wisconsin.

According to the Ministry of Commerce & Industry, addressing a session on structural excess capacity and production, the Minister stated that corrective measures against unfair market practices must adhere strictly to established multilateral rules rather than unilateral interventions.

Goyal said that India shares the concerns of many Members that trade-distorting support in some economies can lead to dumping and predatory pricing. He said such concerns are addressed through ...