Home » International » Commerce Minister emphasizes on reciprocal market access for Indian goods
jap

Commerce Minister emphasizes on reciprocal market access for Indian goods

Japan :10/6/19:     Union Minister of Commerce & Industry and Railways, Piyush Goyal, held a series of bilateral talks with a number of countries on the side lines of the two day G20 Ministerial on Trade and Digital Economy in Tsukuba, Ibaraki, Japan on 8-9 June, 2019.

During the bilateral meetings with host Japan and countries like USA, UK, China, France, Singapore, Korea, Spain, Canada, EU, Mexico, Saudi Arabia, South Africa, Chile and Australia, Piyush Goyal emphasized the need for reciprocal market access for Indian products.

He said that the slowdown in global trade and investment is of serious concer     n to all of usas it adversely affects economic growth,development and job creation. He called for de-escalating trade tensions and reviving confidence in the rules based multilateral trading system which all countries had so painstakingly created.

The Commerce Minister said that while India is committed to working towards building free trade, that is inclusive and development centric to bring prosperity to people around the world, focus on the imperatives of meeting the goals of SDGs, and eliminating poverty and deprivationmust not be lost.

He further reiterated that with the advent of digital technologies, services are vital drivers of growth. Servicification of the manufacturing sector is enhancing the importance of services in global trade. Major investment is also being driven by the services sector. Thus, we need to remove barriers and facilitate temporary movement of highly skilled professionals to sustain this investment and growth.

Piyush Goyal pointed out another way to go about correcting this, is by supporting greater participation of MSMEs in developing countries both in domestic and global trade, because they are crucial for jobs and income generation, on which livelihood of millions are dependent. India urges G20 to provide preferentialmarket access to MSMEs in developing countries to be part of the Global supply chains.

At the end of the 2 day sessions Commerce Minister congratulated Japanfor taking initiative of putting fortha forward looking agenda,ofthe growing interface, between Trade and Digital Economy.For the first time a joint session with ministers of digital economy and trade and investment was held in G20 to discuss the interface between digital economy and trade. The Union Minister of Commerce & Industry and Railways represented India in both the Joint sessions.

In his address PiyushGoyal said that there is no doubt that digital technologies are impacting our economies in a significant way and nations that fail to adapt to these changing realities run the risk of being left behind. Technologies can be disruptive if not harnessed in right time. The Minister further said that concerns over loss of jobs, revenue, erosion of competitiveness are real.

The deliberations on trade, investment and digital economy will feed into the Osaka Summit Declaration which will be adopted on 29th June, 2019.

About Ashok Palit

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

Odisha-Budget-2018-19-Live1

Odisha cabinet will meet to day evening to discuss the draft budget

Bhubaneswar: 20/6/19:With only days to go for the commencement of Assembly session, the state cabinet will meet Thursday evening to discuss the draft budget and give it a final shape. Chief ...