India Opposes China-led Investment Pact in WTO

India has opposed the incorporation of the China-led Investment Facilitation for Development (IFD) agreement into the World Trade Organisation framework, standing as the sole dissenting voice at the ongoing 14th WTO Ministerial Conference in Yaounde, Cameroon. India’s lone stand India’s Commerce and Industry Minister Piyush Goyal announced the country’s position on Saturday. While invoking the philosophy of Mahatma Gandhi, Goyal framed the proposal a contentious systemic issue. “Drawing inspiration from Mahatma Gandhi ji’s philosophy of Truth prevailing over conformity, India showed the courage to stand alone on the contentious issue of the IFD Agreement and did not agree to its…