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The emphasis of these discussions will be on reaffirming WTO’s foundational principles, as embodied in the Marrakesh Agreement and its multilateral trade agreements, thus recognising the need for open, inclusive and transparent functioning of WTO, a press release from the Indian ministry of commerce and industry said.
The 2nd Trade and Investment Working Group meeting in Bengaluru this month under India’s G20 presidency will discuss reforms at the World Trade Organisation.
Issues like trade and technology, digitalisation of paper documents, a framework for mapping global value chains, efficient logistics for trade and G20 regulatory dialogue will be discussed.
Issues like trade and technology, digitalisation of paper documents, creating a meta information portal for micro, small and medium enterprises, a framework for mapping global value chains, efficient logistics for trade, a compendium of best practices on mutual recognition agreements and G20 regulatory dialogue will also be discussed.
The meeting will be inaugurated by the Indian minister of state for commerce and industry Anupriya Patel.
Over 100 delegates from G20 member countries, invitee countries, regional groupings and international organisations will participate in the meeting.
Fibre2Fashion News Desk (DS)
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