Geneva: Commerce Minister Piyush Goyal on Wednesday called for greater South-South cooperation in critical minerals access, fertilisers and supply chain management.
In his address at the 16th session of the United Nations Conference on Trade and Development (UNCTAD), Goyal said: "We believe global South-South cooperation converted into concrete action can provide genuine and long lasting solutions in several areas of current concern like the critical minerals problem or the problems of adequate supply of fertilisers that many nations in the world are confronted with."
The minister’s comment comes against the backdrop of China’s dominance over rare earth elements used to manufacture electric vehicles, mobile phones, other electronic goods and defence hardware. The communist giant has imp