The 1st TIWG meeting under India’s G20 Presidency is scheduled in Mumbai, from March 28th – 30th, 2023. During this three-day Meeting, over 100 delegates from G20 member countries, invitee countries, regional groupings and international organizations will engage in deliberations to accelerate global trade and investments.
The seminar on ‘Trade Finance’ will focus on the role of banks, financial institutions, development finance institutions and export credit agencies in closing the trade finance gap, and how digitalization and fintech solutions can improve access to trade finance. It will be followed by a guided tour of Bharat Diamond Bourse. On 29th March, 2023, the TIWG Meeting will be inaugurated by Hon’ble Commerce & Industry Minister of India.
The two working sessions of the TIWG will focus on making trade work for growth and prosperity, increasing the participation of developing countries and the Global South in GVCs, making GVCs work for inclusive development, and building resilient GVCs. On the concluding day, the priorities on integrating MSMEs in Global Trade, and building efficient logistics for trade will be discussed. India’s Presidency will aim to build a shared understanding of the challenges being faced in accelerating global trade and investment, and how existing opportunities can be harnessed for the benefit of humanity.
