U.S. President Donald Trump in a tweet on Thursday said he had a “very good” talk with Chinese President Xi Jinping on trade and North Korea and that the two planned to meet at the upcoming G-20 summit.
Asserting that trade tensions and rising oil prices are affecting emerging nations, Economic Affairs Secretary Subhash Chandra Garg said G-20 countries should take coordinated action to minimise the negative spillover effects of global risks on developing economies.
Commerce and Industry Minister Suresh Prabhu has called for collective action to revitalise the World Trade Organisation (WTO) without undermining its core principles of consensus building, inclusiveness and transparency, an official statement said.
India will work along with other countries to reform the World Trade Organisation (WTO) to ensure that it continues to be an engine for global trade, Commerce and Industry Minister Suresh Prabhu said.
Issues including increasing protectionism, challenges to promote global commerce and new industrial revolution would figure in the meeting of G-20 trade and investment ministerial meeting in Argentina tomorrow, an official said.
India has taken "serious note" of reported data misuse of social media platforms and such tools will never be allowed to abuse the election process for extraneous means, IT Minister Ravi Shankar Prasad has said.
Expressing concern over increasing protectionism and trade conflicts across the world, India's G-20 Sherpa Shaktikanta Das said that countries ought to work out arrangements that are beneficial to all in the larger interest of reviving global growth.
Trump held a second meeting with Russia's Vladimir Putin on July 7 during the G-20 summit in Hamburg.
Jaitley calls for "unconventional" ways to raise funds to achieve Sustainable Development Goals by 2030.