Why it is in the news
At the G20 Trade Ministers' Meeting in Milwaukee, Wisconsin, hosted by the United States under its 2026 G20 presidency, Commerce and Industry Minister Piyush Goyal said India has no structural excess capacity in the sectors identified by the G20, called India's commitment to eliminating forced labour "absolute and unconditional", and defended the Most-Favoured-Nation (MFN) principle and WTO-consistent trade remedies. The interventions came days after the US applied a 10% additional duty on India under a Section 301 forced-labour action, and weeks after India amended its Foreign Trade Policy to bar imports made with forced labour.
The exam angle
Issue: Whether labour standards, excess-capacity claims and the MFN norm will be negotiated within WTO and ILO rules or enforced unilaterally through national tariff laws.