Over 100 delegates from various countries attended the first meeting of the G20 Trade and Investment Working Group in Mumbai. The participants engaged in two-panel discussions and visited the Bharat Diamond Bourse to learn about India’s gem and jewelry industry. The delegates also took part in a Heritage Walk at the Gateway of India.
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The panel discussions centered on accelerating global trade and investments. The panelists emphasized that trade plays a crucial role in promoting prosperity for everyone. They also recommended involving institutions such as multilateral development banks and Export Credit Agencies to bridge the current two trillion dollars traditional trade finance gap. The panel also suggested that digitalizing international trade could be an effective solution for reducing trade and trade finance costs.
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