New Delhi, June 10 (KNN) Calling for de-escalating trade tensions and reviving confidence in the rules based multilateral trading system, Commerce and Industry Minister stressed on the need for reciprocal market access for Indian goods.

Union Minister of Commerce & Industry Piyush Goyal  held a series of bilateral talks with a number of countries on the side lines of the two day G-20 Ministerial on Trade and Digital Economy in Tsukuba, Ibaraki, Japan.

During the bilateral meetings with host Japan and countries like USA, UK, China, France, Singapore, Korea, Spain, Canada, EU, Mexico, Saudi Arabia, South Africa, Chile and Australia, Piyush Goyal emphasized the need for reciprocal market access for Indian products.

He said that the slowdown in global trade and investment is of serious concern to all of us, as it adversely affects economic growth, development and job creation.

He called for de-escalating trade tensions and reviving confidence in the rules based multilateral trading system which all countries had so painstakingly created.

He said that while India is committed to working towards building free trade, that is inclusive and development centric to bring prosperity to people around the world, focus on the imperatives of meeting the goals of SDGs, and eliminating poverty and deprivation must not be lost.

At the end of the 2 day sessions Commerce Minister congratulated Japan for taking initiative of putting forth forward looking agenda, of the growing interface, between Trade and Digital Economy.

For the first time a joint session with ministers of digital economy and trade and investment was held in G20 to discuss the interface between digital economy and trade. The Union Minister of Commerce & Industry and Railways represented India in both the Joint sessions.

The deliberations on trade, investment and digital economy will feed into the Osaka Summit Declaration which will be adopted on 29th June, 2019.