Union Minister of Commerce and Industry Piyush Goyal attended the G7 Trade Ministers’ meeting held at Villa San Giovanni, Regio Calabria, Italy. The meeting was held for discussions on enhancing global trade relations and economic cooperation. Piyush Goyal engaged to reflect India’s commitment to fostering stronger economic partnerships globally.
Piyush Goyal, during discussions with Antonio Tajani, Italy’s Deputy Prime Minister of Foreign Affairs and International Cooperation, both the Minister agreed to enhance bilateral trade and investments, industrial co-production and cooperation in clean technologies. Minister Goyal congratulated Mr. Tajani for hosting a productive G7 Trade Ministers’ meeting.
Mr. Goyal emphasized the efforts of various countries to build resilient supply chains under platforms like the G20 Generic Framework for Mapping GVCs, the 14 Member IPEF association, Trilateral Supply Chain Resilience Initiative (SCRI), and India-EU TTC.
The minister proposed collaboration among trusted partners to strengthen global supply chains in critical areas such as critical minerals, semiconductors, pharmaceuticals and green energy. He discussed how Covid, Conflicts and climate change (the 3Cs) affects the necessity for robust partnerships and cooperation.
Mr. Goyal emphasizes the concept of the 3 Fs – fragmented, fragile, and fraught with uncertainties – charactering the global context and urged for greater alignment of investment, trade, environment, and energy policies to strengthen global supply chains.
He also highlighted the importance of building resilient supply chains that will last for future generations.
For full Information – https://pib.gov.in/PressReleasePage.aspx?PRID=2033874
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