March 28, 2023 8:32 PM

printer

First meeting of G20 Trade and Investment Working Group begins in Mumbai

The first meeting of the G20 Trade and Investment Working Group began in Mumbai on Tuesday with an attendance of over 100 delegates from G20 member countries, invitee countries, regional groupings and international organisations. During the course of two panel discussions, the delegates held deliberations on how to accelerate global trade and investments. The delegates also visited the Bharat Diamond Bourse in Mumbai's Bandra Kurla Complex to have a better understanding about India's gem and jewellery industry. Later in the evening, a Heritage Walk at Gateway of India was also arranged for all the delegates and guests.<br />'' <br />''<span style="color: #222222;">During the course of two panel discussions, the delegates highlighted the necessity of trade for ensuring prosperity for all. Stating that the traditional trade finance gap is currently around two trillion dollars, the panelists suggested that bridging this gap would need participation of more players, including multilateral development banks and Export Credit Agencies. The panel also felt that digitalisation of international trade is possibly an effective solution towards achieving cost reduction in trade and trade finance.</span>

Most Read
View All arrow-right

No posts found.