Mumbai:The first 3-day meeting of the G-20 Trade & Investment Working Group under India's G-20 presidency would begin today, March 28, in Mumbai.
This three-day meeting would feature more than 100 representatives from the G-20 member groups, representatives from invited nations, representatives from regional groups, and representatives from international organisations. The topic of discussion would be the acceleration of global trade and investment.
An international conference on "Trade and Finance Cooperation" will be place on the opening day of the meeting, March 28. The two conference sessions will go into great detail regarding the role that banks, financial institutions, development finance institutions, and export credit institutions play in bridging the trade and finance divide, as well as how trade finance can be made more widely available through fintech and digitization. Distinguished subject matter experts from India and outside have been invited to share their perspectives at this forum. The Meeting attendees would all then be given tours of Mumbai's Bharat Diamond Bourse, where diamonds are traded.
An experience zone showing the wide variety of tea, coffee, spices, and coarse grains produced by the Tea Corporation of India, Coffee Corporation of India, Spices Corporation of India, and others will be put up at the G-20 Trade and Investment Working Group (TIWG) meeting. Together with it, an exhibition of Indian clothing will be held.
Dr. Bhagwat Karad, Union Minister of State for Finance, and Piyush Goyal, Minister of Commerce and Industry, will officially open the G-20 Trade and Investment Working Group (TIWG) meeting on March 29. India is pursuing global trade and investment priorities, which will be covered in four technical sessions on March 29 and 30.
Discussions at the meeting on March 29 will centre on encouraging trade for development and prosperity and creating robust global value chains.
It will also focus on achieving shared goals for resiliant and inclusive development, boosting the participation of developing countries and the Global South in global value chains, and building resilient global value chains to face future crises.
While on March 30, the meeting's two sessions will focus on the importance of developing an effective logistics system for trade as well as the inclusion of MSMEs in international trade. In order to properly carry out the work of the G20 Presidency, India plans to give MSMEs' inclusion in international commerce and the preservation of livelihoods in both developed and developing nations a higher priority.
The G20 delegates will also talk about how to build a solid logistics infrastructure that can lower the price of transportation within and between remote parts of a country.
The goal of India's G20 chairmanship is to develop a common understanding of the difficulties that result from accelerated international commerce and investment as well as how to take use of current opportunities to develop real-world, human-centered solutions and policies.
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