First meeting of G20 trade and investment working group begins

Tags: Summits National News

On 28 March the first meeting of the G20 Trade and Investment Working Group began in Mumbai and the conference was inaugurated by Union Minister of Commerce and Industry Piyush Goyal.

An Overview of the News

• The primary objective of India's G20 Presidency is to develop a common understanding of the challenges associated with accelerating global trade and investment and to identify opportunities to achieve human-centred outcomes.

• The three-day meeting was attended by over 100 delegates from G20 member states, invited countries, regional groupings and international organisations.

• The meeting will focus on the role of banks, financial institutions, development finance institutions and export credit agencies in bridging the trade finance gap.

• Experience zones on spices, millets, tea and coffee will be set up and an exhibition on textiles will be displayed during the meeting at the conference venue.

About the G20

• It is an international forum of the world's leading economies established in 1999.

• Its primary objective is to promote international financial stability and sustainable economic growth.

• The G20 serves as a forum to discuss and coordinate policies related to a wide range of economic and financial issues such as trade, investment, employment, energy and climate change.