Thursday, 18 August, 2022
HomeEconomyRSS affiliate calls on Modi govt to protect country's economic interests at...

RSS affiliate calls on Modi govt to protect country’s economic interests at WTO meet

Swadeshi Jagran Manch sought a temporary moratorium on custom duty on electronic transmissions and TRIPS waiver on medicines, vaccines and technologies related to Covid treatment.

Text Size:

Nagpur: The RSS-affiliated Swadeshi Jagran Manch on Saturday passed a resolution on the need to protect the country’s economic interests at a coming meeting of the World Trade Organization.

A two-day national convention of the SJM began here on Saturday, said its national co-convenor Dr Ashwini Mahajan.

One of the resolutions passed at the convention was about the need to protect national interests at the World Trade Organisation as the 12th ministerial conference of WTO will take place from June 12-15 at Geneva, he said.

The issues which carry special importance for people of less developed countries and developing countries are decisions on “temporary moratorium on custom duty on electronic transmission, TRIPS waiver on vaccine, medicines and related technologies for treatment of COVID-19, permanent solution to Peace Clause in Agreement on Agriculture on public stockholding for food security and fisheries subsidies,” Mahajan told PTI.

The current moratorium on custom duty on electronic transmissions is against the interest of developing countries in general and India in particular, he said.

“This is not only impacting job creation in electronic transmission sector, but also the revenue generation. Imposition of tariff on electronic transmission will be the first condition for success in fourth industrial revolution, namely, digital industrialisation,” Mahajan added.

Africa Group and other supporting countries have proposed a TRIPS waiver for vaccines, medicines and consumables for treatment of COVID-19 which was initially opposed by developed countries, he said.

“The need of the hour is that TRIPS waiver is extended to medicines, diagnostics, disposables and all types of equipment used in the treatment of COVID. We call upon the Government of India to take up the issue at MC12 forcefully and give lead to the developing countries for this much-needed extensive TRIPS waiver,” said Mahajan.

The SJM also called upon the government to press for an agreement that does not come in the way of food security for crores of Indian people and also undo “the historical wrongs in terms of classification of subsidies,” he said.

The organization also wanted the government to safeguard the interests of small fishermen and the livelihood of the country’s coastal population at the WTO, he said.

Another resolution passed at the conference was about the “Global turmoil and the challenges ahead for Indian economy,” Mahajan said.

SJM was concerned with “increasing dominance of foreign capital and the declining domestic savings,” he said.

The organization feels that increasing trade deficit and declining value of Indian Rupee due to sudden increase in imports and pull out of funds by FIIs from the stock market “is an area of serious concern,” and taxation laws on capital gains needs a revision, he said. PTI CLS KRK KRK

This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.

Subscribe to our channels on YouTube & Telegram

Support Our Journalism

India needs fair, non-hyphenated and questioning journalism, packed with on-ground reporting. ThePrint – with exceptional reporters, columnists and editors – is doing just that.

Sustaining this needs support from wonderful readers like you.

Whether you live in India or overseas, you can take a paid subscription by clicking here.

Support Our Journalism

Most Popular

×