NEW DELHI, 19 December 2017: Immediately on his return from the World Trade Organisation (WTO) ministerial conference in Buenos Aires, Commerce and Industry Minister Mr. Suresh Prabhu briefed FICCI members in a closed-door meeting today on the outcome of the ministerial and India's position on multilateral trade negotiation, and said that India will host a mini-ministerial in February to further India?s position on the multilateral trade body and pursue its interest in a fruitful manner.
The minister pointed out that the WTO process needs to be strengthened and taken forward as India has a strategic interest in the functioning of the multilateral trade system.
Mr. Prabhu emphasised the importance of India increasing its share in world trade in order to enhance GDP growth and create jobs, and said that the country has to decide now what should be its share of global trade in the world economy and then work towards achieving it.
FICCI MEDIA DIVISION
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