Union Minister Piyush Goyal is scheduled to participate in the G7 Trade Ministers’ Meeting in Osaka, Japan, on October 28th-29th, 2023. During this event, Mr. Goyal will engage with several G7 nations, invited countries, and international organizations like the World Trade Organization (WTO) in conjunction with the outreach activities.
The annual gathering of Trade Ministers from G7 Member States serves as a platform to address pressing global trade and investment issues while devising a roadmap for a more prosperous future.
Japan, which holds the G7 Trade Ministers conference Presidency this year, has invited India and several other invitee nations, including Australia, Chile, Indonesia, and Kenya, to participate in the outreach program on October 28th, 2023. Notably, international entities like the WTO, the Economic Research Institute for ASEAN and East Asia (ERIA), and the Organization for Economic Cooperation and Development (OECD) have also received invitations.
This year’s outreach program focuses on two contemporary themes: “Enhancing Supply Chain Resilience” and “Promoting Trade and Sustainability,” encompassing topics related to the environment, development, and digital advancements, including prospects for WTO MC13.
The G7 is an intergovernmental political forum comprising the United States, the United Kingdom, Japan, Italy, France, Canada, and Germany. The European Union (EU) is a non-enumerated member. G7 meetings revolve around shared values of pluralism, liberal democracy, and representative governance. Despite accounting for just 10% of the global population, G7 members collectively contribute to around 40% of the world’s GDP.
