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India remains committed to navigate global trade challenges through dialogue, cooperation: Goyal
Jun-12-2026

Commerce and Industry Minister Piyush Goyal has said that countries, including India, protect their domestic industries from unfair trade practices and dumping, but India remains committed to navigate global trade challenges through dialogue, cooperation, and mutually beneficial engagement. 

He said ‘when the EU, the US, and the UK are trying to safeguard their domestic steel industry against competition, or even India for that matter, protecting our economy from unfair trading practices of certain geographies, where we find overcapacity, dumping of goods into India at predatory pricing.’ He said that while certain countries have introduced measures to protect specific domestic industries, global trade continues to operate largely within a rules-based framework. 

The minister said ‘unfortunately, the WTO as a forum is not very effective right now, so action has to be almost bilateral. But overall, world trade, at the aggregate level, is very much rule-based, still under the WTO framework. There will be some aberrations. Some countries have different standards for different sets of products. But, India today works from a position of strength.’ 


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