IANS | 19 May, 2023
The
2nd TIWG meeting, under India’s G20 Presidency, is being organized in
Bengaluru from May 23rd - 25th, 2023. The meeting will be inaugurated by
the Union Minister of State for Commerce and Industry, Anupriya
Patel on May 24th, 2023.
During this three-day meeting, over 100
delegates from G20 member countries, invitee countries, regional
groupings and international organizations will deliberate on reforming
the multilateral trading system, integrating MSMEs in global trade,
resilient GVCs, making trade work for growth and prosperity, and
efficient logistics for trade.
On
May 23rd, the first day of TIWG, a seminar on Trade and Technology will
be organized.
Themes, such as technology reshaping trade and the role
of technology in driving inclusive growth will be deliberated in two
panel discussions, featuring domain experts, academicians and
practitioners.
Seminar will be followed by a guided city tour, a
cultural program and Gala Dinner for the G20 delegates.
The
subject of WTO Reform, which is one of the priorities pursued by the
Indian Presidency will be taken up for discussion in a technical session
on May 24th, 2023.
The emphasis of these discussions will be on
reaffirming WTO’s foundational principles, as embodied in the Marrakesh
Agreement and its multilateral trade agreements, thus recognizing the
need for open, inclusive and transparent functioning of WTO.
A
presentation will also be made on the subject by the Knowledge Partner.
On
the second and third day, presentations will be made on the
deliverables related to digitalization of paper documents, such as Bills
of Lading and Certificate of Origin that are critical for cross-border
trade, and on developing an action plan to create Meta Information
Portal for MSMEs, framework for mapping GVCs, a compendium of best
practices on Mutual Recognition Agreements (MRAs) and on G20 Regulatory
Dialogue.
These deliverables have emerged from deliberations that took
place during the 1st TIWG meeting held in Mumbai from March 28th – 30th,
2023.
The
aim, under India’s G20 Presidency, is to build a shared understanding
of the challenges faced in accelerating global trade and investment, and
leveraging existing opportunities to make growth inclusive and
transparent.
Thus, building global synergies that lead the world towards
finding common solutions for a resilient and sustainable One Earth, One
Family, One Future.