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G-20 Trade and Investment Working Group holding conference on ‘Trade and Financial Cooperation’ in Mumbai

Updated: Mar 28, 2023 03:09:42pm
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G-20 Trade and Investment Working Group holding conference on ‘Trade and Financial Cooperation’ in Mumbai

Mumbai, Mar 28 (KNN) As part of the three-day meeting of the G-20 Trade and Investment Working Group, an international conference on ‘Trade and Financial Cooperation’ will take place in Mumbai on March 28, 2023.

The two sessions of the conference will discuss in detail the role of banks, financial institutions, development finance institutions and export credit institutions in bridging the gap between trade and finance, as well as how trade finance can be made accessible to more people through digitization and fintech solutions.

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As per reports, over 100 representatives of G-20 member groups, representatives of invited countries, representatives of regional groups and international organizations are participating in the Investment working group meet to deliberate on the acceleration of global trade and investment.

During the Trade and Investment Working Group (TIWG) meeting of the G-20, an Experience Zone showcasing the diverse range 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 set up at the meeting. An exhibition of Indian clothes will also be organized along with it.

On March 29, the G-20 Trade and Investment Working Group (TIWG) meeting will be formally inaugurated by Commerce and Industry Minister Piyush Goyal and Union Minister of State for Finance Bhagwat Karad.

At the session on March 29, discussions will focus on promoting trade for growth and prosperity and building resilient global value chains.

It will also focus on achieving shared goals for inclusive and resilient development, increasing 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 two sessions of the meeting will discuss the integration of MSMEs in global trade as well as the priority of building an efficient logistics system for trade. India intends to better take forward the work done by the G20 presidencies in prioritizing the preservation of livelihoods in both developed and developing countries and the integration of MSMEs in global trade.

The G20 delegates will also discuss measures to develop a strong logistics infrastructure that can reduce the cost of transportation between the borders of different countries and in remote areas within the country.  (KNN Bureau)

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