Central Minister of Commerce and Industry Piyush Goyal attended the opening session of the G20 Trade Ministers' meeting in Milwaukee.
Naitik Chakravarti Times
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India’s Commerce and Industry Minister Piyush Goyal, while participating in the inaugural session of the G20 Trade Ministers’ meeting held in Milwaukee, United States, reiterated India’s commitment to multilateral cooperation on global trade, supply‑chain resilience, and the digital economy.
Central Commerce and Industry Minister Shri Piyush Goyal participated in the opening session of the G20 Trade Ministers' meeting held in Milwaukee, United States, where representatives of 20 major economic powers discussed global trade policy, supply‑chain security, and sustainable development issues. India viewed this forum as an opportunity to expand its export capabilities, attract foreign investment, and establish cooperation in regulating digital commerce in line with international standards. Goyal said that India's goal is to strengthen an open, fair, and rules‑based trade system, enabling developing countries to gain greater participation in global value chains.
Key topics of the meeting included post‑COVID economic recovery, climate‑related trade policies, and the restructuring of supply chains in the Asia‑Pacific region. India reiterated its intention to create a platform for cooperation in the development of sustainable energy, electric vehicles, and the hydrogen economy. Additionally, the need for a multilateral framework to promote regulation of digital trade, data security, and transparency in e‑commerce was emphasized.
After the opening session, Minister Goyal joined a midday working session with the U.S. Secretary of Commerce and trade ministers from other G20 countries to discuss measures for reducing bilateral trade barriers, streamlining investment flows, and facilitating the entry of Indian SMEs into international markets. The agreements and joint initiatives emerging from this forum, especially in the areas of technological cooperation and green financing, are likely to support India's economic strategy. As a result of the G20 Trade Ministers' meeting, several bilateral agreements and multilateral initiatives are expected to surface in the coming months, contributing to a more stable and inclusive global trade environment.