All elements of Bali package must be fully implemented: PM Modi

Prime Minister Narendra Modi on Monday expressed concern over a slowdown in global trade at the G20 Summit. “Prospects for increase in trade momentum remain bleak in the prevailing global economic environment. Efforts to accelerate global economic growth will help trade,” the Prime Minister said in his intervention during the working luncheon session at G20 […]

Narendra Modi, Modi, Modi G20, G20, Modi news, G20 meet, Bali package, Modi Bali package, India news

PM Narendra Modi at G20 Summit 2015, in Antalya in Turkey on Monday. (PTI Photo)

Prime Minister Narendra Modi on Monday expressed concern over a slowdown in global trade at the G20 Summit. “Prospects for increase in trade momentum remain bleak in the prevailing global economic environment. Efforts to accelerate global economic growth will help trade,” the Prime Minister said in his intervention during the working luncheon session at G20 Summit on “trade and energy”. “Slowdown in global trade is a major concern,” he said.

He said that given these circumstances, a transparent, equitable, non-discriminatory and rule-based trading system was essential for the global economy, especially in meeting the developmental objectives set out at the Doha round of talks under the aegis of the World Trade Organization.

“All elements of the Bali package should be implemented fully. We look forward to a successful outcome at the Nairobi Meeting in December,” he said, referring to the 2013 Ministerial Meeting held in the Indonesian island in 2013 and the upcoming one in Kenya during December 15-18.

Modi also said regional trade pacts should not lead to fragmentation of global commerce and must support a more liberalised multilateral trade regime.

Shubhajit Roy

Shubhajit Roy, Diplomatic Editor at The Indian Express, has been a journalist for more than 25 years now. Roy joined The Indian Express in October 2003 and has been reporting on foreign affairs for more than 17 years now. Based in Delhi, he has also led the National government and political bureau at The Indian Express in Delhi — a team of reporters who cover the national government and politics for the newspaper. He has got the Ramnath Goenka Journalism award for Excellence in Journalism ‘2016. He got this award for his coverage of the Holey Bakery attack in Dhaka and its aftermath. He also got the IIMCAA Award for the Journalist of the Year, 2022, (Jury’s special mention) for his coverage of the fall of Kabul in August 2021 — he was one of the few Indian journalists in Kabul and the only mainstream newspaper to have covered the Taliban’s capture of power in mid-August, 2021. ... Read More

Stay updated with the latest - Click here to follow us on Instagram

Tags:
G20 Summit

Loading Taboola...

Adani group chief Gautam Adani. The regulator made it clear that none of the charges in the show-cause notice could be proved. It also confirmed there was no violation of the Sebi Act concerning fraudulent or unfair trade practices.

Clean chit for Adani: Sebi dismisses insider trading claims raised by Hindenburg

Business3 hr ago

Sebi clears Gautam Adani and Adani Group of all charges by Hindenburg Research. Allegations of insider trading and market manipulation proved unfounded. No violation of Sebi Act. Adani Group remains committed.

View all shorts

Live Blog