Minister calls for India to increase share of global trade

Immediately on his return from the World Trade Organisation (WTO) ministerial conference in Buenos Aires, Commerce and Industry Minister Suresh Prabhu has briefed members of the Federation of Indian Chambers of Commerce and Industry on 19 Dec 2017.

He held a closed-door meeting on the outcome of the ministerial and India’s position on multilateral trade negotiation.

He said India will host a mini-ministerial meet in February to further India?s position on the multilateral trade body and pursue its interest in a fruitful manner.

The minister pointed out that the WTO process needs to be strengthened and taken forward as India has a strategic interest in the functioning of the multilateral trade system.

Prabhu emphasised the importance of India increasing its share in world trade in order to enhance GDP growth and create jobs, and said that the country has to decide now what should be its share of global trade in the world economy and then work towards achieving it. fii-news.com