Policies must protect interests of small and marginal farmers: Piyush Goyal at G20

New Delhi, 30 Oct (KNN) The Union Minister for Commerce, Industry & Textile said that G -20 has acknowledged India's Leadership on global concerns and has supported views of India on a wide array of issues that would come up at the upcoming summit.

He participated in the 6th G20 Sherpas’ meeting from 27-29 Oct and held  bilateral meetings with many of his G20 counterparts (UK, Germany, France, EU, Indonesia, and Singapore)

While discussing the issue of Tax Reforms, Indian delegates have pushed the G20 to address the mismatch between the source of generation of profits and the jurisdiction where they are taxed. This will ensure that large MNCs pay a minimum effective corporate tax in the country of their operation.

Commerce Minister said that G20 has emerged as the premier global forum for international cooperation. He said that G 20 represents 80% of the world's GDP, 75% of global trade, and 60% of the world's population

Speaking to the media Union Minister Goyal said that India fully supports the priority areas chosen by Italy. He said that the agenda of the just concluded Sherpas’ meeting was to finalize the Rome Declaration, which will be adopted by the Leaders at the G20 Summit

On the issue of Sustainable Development and food security, he said that India has emphasized that policies must protect the interests of small and marginal farmers, and conserve local food cultures which in turn will significantly contribute to food security

He said that On Climate Change and Environment,  India has strongly spoken on the need for critical enablers for galvanizing global Climate action which includes commensurate, long term, concessional climate finance, access to affordable and sustainable technology, and commitment to adopt sustainable lifestyles, responsible consumption, and production patterns and importance of meeting SDG-12 targets,  especially by the developed countries.

Elaborating more on the deliberations, Commerce Minister Goyal said that on    Anti-Corruption matters, India as the G20 co-chair of the Anti Corruption working group this year has contributed towards the 5 think pieces related to Asset Recovery, Information sharing, Law Enforcement Cooperation, Technology & Denial of Safe Haven.

The Minister said that India strongly pushed for the need for balancing the ‘data free flow with trust’ narrative with cross-border data flows and accommodating development imperatives of the developing countries. He added that India has emphasized the importance of using ‘data for development.

He said that India is going to take on the G20 Presidency from 1 Dec 2022-30 Nov 2023 and enter the Troika in December this year, and will take leadership on the issues and concerns of developing countries and emerging markets economies in the G20 forum.