Piyush Goyal says India opposes China's IFD at WTO Cameroon
At the latest World Trade Organization (WTO) meeting in Cameroon, India stood firm against China's Investment Facilitation for Development (IFD) proposal.
Commerce Minister Piyush Goyal explained that the move was about protecting India's interests and keeping the WTO focused on issues everyone agrees on.
The IFD, around since 2017, aims to make global investing easier, but India wants any investment rules to be tied directly to trade.
India pushes e-commerce duty-free extension
Goyal also highlighted how important it is for the WTO to work by consensus and avoid bringing in topics that aren't agreed upon by all.
On top of that, India is pushing for an extension of a rule that keeps e-commerce free from extra duties, hoping this will give businesses more stability.
The final decision on this will come up at a future meeting in Geneva.