New Delhi, Oct. 2 -- union Commerce and Industry Minister Piyush Goyal has called for trade measures to address global production and trade distortions to remain consistent with World Trade Organization (WTO) rules, while cautioning against shifting the adjustment burden onto developing economies.
Speaking at the concluding day of the G20 Trade Ministers' Meeting in Milwaukee, Wisconsin, Goyal said India did not face structural excess capacity in the sectors identified under the G20 presidency. He highlighted India's domestic-demand-driven economy and its expanding manufacturing value chains as part of its role in global supply chains.
Goyal said concerns over trade-distorting support and its potential impact on competition could be addre...