India Opposes China-Led Investment Pact at WTO, Cites Erosion of Principles

• India strongly opposed the China-led Investment Facilitation for Development (IFD) Agreement for inclusion in the WTO framework.
• Commerce and Industry Minister Piyush Goyal stated that incorporating IFD risks eroding WTO's functional limits and undermining its foundational principles.
• India's stance was articulated at the 14th ministerial conference of the World Trade Organisation (WTO) in Yaounde, Cameroon.
• Piyush Goyal highlighted India's courage to stand alone on the contentious IFD issue, drawing inspiration from Mahatma Gandhi's philosophy.
• India is open to discussions on plurilaterals under the WTO Reform Agenda but maintains its opposition to the IFD's current integration.