PM Modi hits out at trade protectionism

Prime Minister Narendra Modi on Friday hit out at unilateralism and trade protectionism, and said there is a need for a rules-based, anti-discriminatory and all inclusive WTO-centred multilateral trading system. Mr. Modi’s remarks come amidst the raging trade war between the U.S. and China.

Addressing the Shanghai Cooperation Organisation (SCO) Summit here, Mr. Modi said unilateralism and protectionism have not benefited anyone.

“Economic cooperation is the basis of our people’s future... We need a rule-based, transparent, anti-discriminatory, open and all inclusive WTO-centred multilateral trading system focused so that the interests of every countries specially the developing ones can be taken care of,” he said.