Under India’s G20 presidency, the third Trade and Investment Working Group Meeting is set to commence in Kevadia today. Over 75 international delegates from various G20 countries are expected to participate in the three-day meeting. The primary focus of the meeting is to build consensus among G20 countries on the adoption of proposals presented by the Indian Presidency regarding global trade and investment-related issues.
The meeting will kick off with a seminar on ‘Trade Infrastructure,’ where delegates will engage in discussions and presentations on the topic. Additionally, a visit to the renowned Statue of Unity is also planned for the participants. Over the next two days, a series of technical sessions will take place, during which G20 members will provide their comments and feedback on the proposals put forward by the Indian presidency. These comments will be taken into account in the preparation of the final ministerial draft.
The Indian presidency has proposed various topics for discussion, including the digitalization of trade documents, an action plan for integrating Micro, Small, and Medium Enterprises (MSMEs) into global trade, and the G20 Regulatory Dialogue. These subjects aim to address crucial aspects of international trade and investment and foster cooperation among G20 nations.
The Trade and Investment Working Group Meeting holds immense significance as it provides a platform for fruitful deliberations and collaboration among participating countries. The outcomes of the meeting will shape the agenda and initiatives related to trade and investment within the G20 framework, ultimately contributing to global economic growth and development.