India, March 29 -- Commerce and Industry Minister Piyush Goyal on Saturday said consensus-based decision-making, Most Favoured Nation (MFN) rule-based trade, and special and differential treatment in the WTO are key to ensuring balance in global trade.

He also emphasised the need to uphold the World Trade Organisation's (WTO) foundational principles.

The minister stated this during his meeting with WTO Reform Minister-Facilitators Espen Barth Eide, Norway's Minister of Foreign Affairs and Chris Bryant, UK Minister of State for Trade Policy, on the margins of the ongoing 14th ministerial conference of the WTO at Yaounde in Cameroon.

"Reiterated India's full support for a reformed, relevant, and effective WTO. Emphasised the need to upho...