Union Commerce and Industry Minister Piyush Goyal is set to attend the outreach session of the G7 Trade Ministers’ Meeting scheduled for July 16-17 in Italy. This participation aims to strengthen India’s global trade and investment ties.
According to the Ministry of Commerce & Industry, Goyal will engage in bilateral meetings with trade ministers from G7 countries and other participating nations to explore new trade avenues and resolve bilateral issues.
During his visit, Minister Goyal will hold discussions focused on enhancing trade and investment partnerships. The meetings will address issues crucial for economic cooperation, reflecting India’s commitment to showcasing its trade potential and attracting foreign investments.
Before Italy, Goyal will visit Switzerland on July 14-15 for business meetings, including talks on the implementation of the European Free Trade Association’s Trade and Economic Partnership Agreement (TEPA).
India’s Vision for Global Trade and Investment
At the G7 outreach session in Reggio Calabria, Minister Goyal will outline India’s vision for global trade, emphasizing supply chain resilience and reforms aimed at improving ease of doing business. India’s recent economic strides, including becoming the world’s 5th largest economy, underscore its dynamic growth potential. The country’s market-oriented reforms, skilled workforce, and strategic location make it an attractive destination for global businesses.
Participation in these high-level meetings is seen as a significant step in India’s economic diplomacy, aimed at promoting its interests on the global stage. The discussions will focus on leveraging India’s economic strengths to foster deeper economic ties with international partners and drive mutual prosperity through increased trade and investments.
Minister Piyush Goyal’s participation in the G7 Trade Ministers’ Meeting highlights India’s proactive approach towards global economic engagement. It underscores India’s readiness to collaborate on global trade issues, enhance economic cooperation, and attract investments, positioning itself as a key player in the global economic landscape.
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