Commerce and industry minister Piyush Goyal on Thursday said the focus of G20 Trade and Investment Ministerial Meeting (TIMM) is to ease barriers to international trade and investment, help boost productivity and output and foster economic growth.
Addressing the opening session of the two-day TIMM in Jaipur, he said the meeting aims to formulate fair, inclusive and sustainable trade and trade-related investment policies.
“While recognising the importance of smooth logistics for international trade, he said that paperless trading is a critical step towards streamlining cross border transactions, reducing administrative delays and enhancing the pace in trade operations,” the commerce and industry ministry said in a statement.
The five priority areas that are being discussed are trade for growth and prosperity; trade and resilient global supply chain; integrating micro, small and medium enterprises (MSMEs) in global trade; logistics for trade; and World Trade Organization (WTO) reforms.
