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The meeting will focus on trade reform, MSME integration, and global synergies.
The second meeting of the Trade and Investment Working Group (TIWG) will take place in Bengaluru, India, from May 23 to 25, 2023, as part of India's G20 Presidency. Union Minister of State for Trade and Industry.Anupriya Patel will inaugurate the meeting on May 24.
The meeting will be held over 3 days and will see the attendance of more than 100 delegates from G20 member nations, invitee nations, regional groups, and international organizations to discuss issues such as reforming the multilateral trading system, incorporating MSMEs into international trade, resilient GVCs, utilizing trade to promote growth and prosperity, and effective logistics for trade.
On the first day of the TIWG meeting, May 23, a seminar on trade and technology will be held, featuring panel discussions on themes such as the impact of technology on trade and its role in driving inclusive growth. The seminar will be followed by a guided city tour, a cultural program, and a gala dinner for the G20 delegates.
The World Trade Organization (WTO) reform, which is one of the Indian Presidency's top goals, will be covered in a technical session on May 24. The focus of these discussions will be on upholding the foundational principles of the WTO, as outlined in the Marrakesh Agreement and its multilateral trade agreements, to ensure an open, inclusive, and transparent functioning of the organization. The Knowledge Partner will provide a presentation on this topic.
The second and third days of the meeting will involve presentations on specific deliverables. These include the digitalization of essential paper documents such as bills of lading and certificates of origin, which are crucial for cross-border trade, as well as the development of an action plan for creating a meta-information portal for MSMEs.
Additionally, discussions will cover the mapping of GVCs, compiling a compendium of best practices on Mutual Recognition Agreements (MRAs), and the G20 Regulatory Dialogue. These deliverables emerged from the discussions held during the first TIWG meeting in Mumbai from March 28th to 30th, 2023.
According to the Ministry of Trade and Industry's official press release, India's G20 Presidency seeks to create a shared awareness of the difficulties in expanding international trade and investment while utilizing available possibilities to support inclusive and transparent growth. In order to achieve the goal of "One Earth, One Family, One Future," it is important to create global synergies that help people worldwide come up with robust and sustainable solutions.
The meeting will be held over 3 days and will see the attendance of more than 100 delegates from G20 member nations, invitee nations, regional groups, and international organizations to discuss issues such as reforming the multilateral trading system, incorporating MSMEs into international trade, resilient GVCs, utilizing trade to promote growth and prosperity, and effective logistics for trade.
On the first day of the TIWG meeting, May 23, a seminar on trade and technology will be held, featuring panel discussions on themes such as the impact of technology on trade and its role in driving inclusive growth. The seminar will be followed by a guided city tour, a cultural program, and a gala dinner for the G20 delegates.
The World Trade Organization (WTO) reform, which is one of the Indian Presidency's top goals, will be covered in a technical session on May 24. The focus of these discussions will be on upholding the foundational principles of the WTO, as outlined in the Marrakesh Agreement and its multilateral trade agreements, to ensure an open, inclusive, and transparent functioning of the organization. The Knowledge Partner will provide a presentation on this topic.
The second and third days of the meeting will involve presentations on specific deliverables. These include the digitalization of essential paper documents such as bills of lading and certificates of origin, which are crucial for cross-border trade, as well as the development of an action plan for creating a meta-information portal for MSMEs.
Additionally, discussions will cover the mapping of GVCs, compiling a compendium of best practices on Mutual Recognition Agreements (MRAs), and the G20 Regulatory Dialogue. These deliverables emerged from the discussions held during the first TIWG meeting in Mumbai from March 28th to 30th, 2023.
According to the Ministry of Trade and Industry's official press release, India's G20 Presidency seeks to create a shared awareness of the difficulties in expanding international trade and investment while utilizing available possibilities to support inclusive and transparent growth. In order to achieve the goal of "One Earth, One Family, One Future," it is important to create global synergies that help people worldwide come up with robust and sustainable solutions.
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