India blocks China-backed trade deal at WTO. Commerce Minister Piyush Goyal took a firm stance at the World Trade Organization's 14th Ministerial Conference in Cameroon, successfully preventing the Investment Facilitation for Development Agreement from being incorporated into WTO framework. India emphasized that WTO reforms must prioritize trade, protect developing nations' policy space, and maintain Special and Differential Treatment provisions. The move reflects India's commitment to safeguarding its interests and those of other developing countries in global trade negotiations. Goyal's position underscores the ongoing tension between major economies on how international trade rules should evolve and whose interests take precedence in plurilateral agreements.
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