Suresh Prabhu to participate in G-20 trade and investment ministerial meeting in Argentina today

Commerce and Industry Minister Suresh Prabhu will participate in G-20 trade and investment ministerial meeting at Mar del Plata in Argentina today. Issues including increasing protectionism, challenges to promote global commerce and new industrial revolution are expected to be discussed at the meeting.

In a tweet, Mr Prabhu said, New Delhi wants to ensure reforms in WTO but keep it as an engine for global trade. He said, looking to work with all important countries for a most agreeable, forward looking reform agenda, India will use G20 forum for taking this idea forward.

The meeting assumes significance as countries including the US has significantly raised customs duties on products including steel and aluminium.

It has triggered a trade war kind of situation, which is impacting the global trade. The G20 members include India, Argentina, Brazil, China, the US, EU, France, Germany among others