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India mulls FTA talks with UK, EU, Canada on G20 sidelines next week

The G20 trade ministers are expected to take up issues such as trade and World Trade Organisation reforms in their meeting, Indian commerce secretary Sunil Barthwal told reporters.

A G20 logo on display along with cut-outs of Indian prime minister Narendra Modi and the country’s iconic leader Mahatma Gandhi at Mandi House Chowk, in New Delhi on Thursday, December 1, 2022. (ANI Photo)

By: Shubham Ghosh

THE Narendra Modi government has planned to hold bilateral free trade discussions with countries such as the UK and Canada as well as the European Union (EU) besides having bilateral trade issues with a delegation from Russia on the sidelines of a G20 meeting next week in the norther-western state of Rajasthan, a top trade official said on Friday (18), Reuters reported.

India is currently holding the presidency of the grouping and will host the G20 summit in New Delhi in September.

The G20 trade ministers are expected to take up issues such as trade and World Trade Organisation reforms in their meeting, Indian commerce secretary Sunil Barthwal told reporters.

Over 300 delegates from the G20 members will gather in Jaipur, the capital of Rajasthan, located about 300 kilometres from national capital New Delhi, for the trade and investment ministerial meeting on August 24 and 25.

The Trade and Investment Working Group was made in 2016 under the presidency of China and has continued to hold talks on related issues at various meetings that were held later.

“WTO reforms is one of the priority issues at G20,” the official said, adding that the agenda for the G20, which account for nearly 85 per cent of global GDP, will include the role of logistics in expanding global value chains and small businesses.

Countries such as France, Indonesia, South Korea, Turkey, UK, USA and EU have confirmed their participation in the meeting.

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