The 3rd G20 Trade and Investment working group Meeting begins in Kevadia
By Puja Mishra
Gujarat,July 12 : Under India’s G20 Presidency, the 3rdTrade and Investment Working Group (TIWG) is being convened from July 10 -12 in Kevadia, Gujarat.
The focus of the meeting was an action-oriented proposal, and key deliverables on global trade and investment issues. More than 75 delegates from G20 member states, invited countries,and international organizations are participating in the three-day meeting.
During the meeting, technical sessions were held during which specific suggestions and comments were sought from G20 members and invitees on India’s proposals.
These suggestions will further feed into the Ministerial communique, which will be adopted during the Trade and Investment Ministerial meeting that is scheduled to take place in Jaipur on August 24-25, 2023.
Five priority areas were discussed extensively during the first and second days of the meeting. These issues include trade for growth and prosperity, ease of doing business and global value chains (GVCs), integrating micro, small and medium enterprises (MSMEs) into world trade, and logistics for trade and reforms in the World Trade Organization (WTO).
Based on the ideas and suggestions presented by G20 members and invited countries, India’s G20 Presidency has prepared action-oriented concrete proposals on each priority issue. This meeting will pave the way to build a consensus among the G20 member states to adopt these proposals.
The Ministry of Commerce and Industry said the working agenda of the meeting has been prepared to keep in mind Prime Minister Narendra Modi’s clarion call that the G20 outcome should be action-oriented and focus on the challenges being faced by the Global South.
The outcome of this meeting will enable building a shared understanding of the challenges facing accelerating global trade & investment, and develop pathways that can leverage existing opportunities to make growth inclusive and transparent.
Earlier, a seminar on ‘Trade Infrastructure’ was held, in which detailed discussions on the role of logistics in expanding Global Value Chains (GVCs) and the global significance of Micro, Small, and Medium Enterprises (MSMEs) were discussed.
During the seminar, an exhibition to showcase the various initiatives of the Central Government such asPMGatiShakti National Master Planin project planning was also organized.
Later in the evening, the G20 delegates visited the Statue of Unity and Sardar Sarovar dam in Kevadia. A cultural program was also organized for the delegates to give them a glimpse of the rich culture and heritage of Gujarat.
