Union commerce and industry minister Piyush Goyal has urged countries to share COVID vaccines liberally with those who are in dire need of them, stating that global solidarity is the need of the hour. He was addressing the World Economic Forum’s global trade outlook session.
Appreciating the support extended by countries to India, Goyal said that the countries must facilitate the export of COVID-19 related health products, especially vaccines, to nations that urgently require them to save lives.
India will emerge stronger from COVID-19 pandemic
Reminding the world that India fulfilled its international commitments and obligations even during the first wave of the pandemic, the minister said India seeks to be an integral part of the global supply chains. He said the country is experiencing the 2nd wave of the pandemic, the magnitude of which is severe, but asserted that it is fighting the pandemic boldly.
“The government has ramped up procurement of critical supplies, distribution of oxygen supplies across states and is ensuring real-time monitoring. Railways have commenced ‘Oxygen express’ trains to carry liquid medical oxygen across the country. India is continuing its vaccination drive on a war footing. Together with our continued efforts, we would soon be able to overcome this global challenge and emerge stronger,” he said.
— World Economic Forum (@wef) May 12, 2021
RCEP not a balanced agreement, says Piyush Goyal
Regional Comprehensive Economic Partnership (RCEP) was not a balanced agreement as it would have hurt India’s farmers, our MSMEs, dairy industry and therefore it was prudent for India not to join RCEP, Goyal said.
The RCEP is a free trade agreement between the Asia-Pacific nations of Australia, Brunei, Cambodia, China, Indonesia, Japan, Laos, Malaysia, Myanmar, New Zealand, the Philippines, Singapore, South Korea, Thailand, and Vietnam. It was signed on November 15, 2020.
He added that India is looking forward to the trade and investment negotiations and the potential they hold for economic growth & prosperity for the people of India, the UK & the countries of the EU.
The minister said that India resonates with the countries and entities like the UK, EU, Australia, Canada and the US, in terms of democracy, transparency, rule of law, independence of courts, investment rules, etc. Moreover, Indian trade with them is by and large balanced, he added.
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