SME Times News Bureau | 29 Oct, 2020
India and UK on Wednesday decided to establish the 'India-UK Sustainable Finance Forum'.
Finance
Minister Nirmala Sitharaman led the Indian delegation in the 10th round
of Ministerial UK-India Economic and Financial Dialogue (EFD) wherein
both sides talked on sharing of experiences on coronavirus response, and
collaboration in the G20 on finance track matters, among others.
"Issues
related to international tax agenda including development of inclusive
consensus based solution on the taxation of digital economy was
discussed," said a Finance Ministry statement.
Infrastructure
development and promotion of sustainable finance were also discussed
with a focus on green finance, and it was decided to establish bilateral
India-UK Sustainable Finance Forum.
India and the United Kingdom enjoy close bilateral relations in diverse areas.
India-UK
economic ties are important as together they are two of the world's top
seven economies with a combined GDP of over $5 trillion. India-UK trade
has more than doubled since the first EFD in 2007, with bilateral
investment supporting over half a million jobs across both countries
The
dialogue concluded with the formal signing of the Joint Statement by
Sitharaman and the UK's Chancellor of Exchequer Rishi Sunak.
