India - Thailand
20-Apr-2023: 13th Joint Trade Committee meeting of India and Thailand held in New Delhi
The 13th Meeting of India Thailand Joint Trade Committee (JTC) was held today in New Delhi. This was the first physical meeting of the JTC after it was revived in 2020, after 17 years.
Thailand is India’s important trading partner in ASEAN with total trade of USD 16.89 Billion in 2022-23. Thailand accounts for 13.6% of India’s total trade with ASEAN. Thailand is an important destination for India’s gems and jewellery, mechanical machinery, auto and auto components and agricultural products especially marine products.
Reviewing the status of bilateral trade and each partner’s modest share in other’s global imports, the chairs emphasised the need for identifying new potential products and priority sectors for expanding the bilateral trade. Both sides also discussed various market access issues and technical barriers faced by their exporters and agreed to resolve the same through regular and sustained bilateral discussions. India raised the restriction faced in its export of marine, poultry and meat products.
Both sides identified a range of potential commodities and sectors for strengthened partnership such as value added marine products, smartphones, Electric vehicles, food processing and pharmaceuticals. The countries also agreed that there is huge scope in collaboration in the Service Sector and agreed to explore establishing mutual recognition/cooperation arrangements in Nursing, Accounting, Audio Visual and Medical Tourism.
The meeting also reviewed the progress of the ongoing efforts on connecting Unified Payment Interface (UPI) of India with Prompt Pay Service of Thailand and the settlement of trade transactions in local currency.
India - UK
19-Apr-2023: India-UK 2nd Financial Markets Dialogue: Joint Statement
India and the UK held the second meeting of the India-UK Financial Markets Dialogue in London today. Both sides welcomed holding the first in-person financial dialogue since 2017.
The Dialogue was led by senior officials from the Indian Ministry of Finance and HM Treasury, with participation from Indian and UK independent regulatory agencies, including the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), International Financial Services Centre Authority (IFSCA), Insurance Regulatory and Development Authority of India (IRDAI), the Bank of England, and the Financial Conduct Authority. Delegates from India and the UK shared views on issues in their respective areas of responsibility and possibilities of collaboration in evolving fields of financial regulation.
G-20
17-Apr-2023: 100th G20 meeting
India celebrates a key milestone in its G20 Presidency today, with the hosting of its 100th G20 meeting, the Meeting of Agriculture Chief Scientists (MACS) in Varanasi. The 2nd Health Working Group in Goa, the 2nd Digital Economy Working Group in Hyderabad and the Space Economy Leaders’ Precursor Meeting in Shillong are also being held today.
Following the handover of the G20 Presidency to Prime Minister Shri Narendra Modi at the G20 Bali Summit on 16 November 2022, India’s year-long G20 Presidency commenced on 1 December 2022, and would continue until 30 November 2023. Earlier on 8 November 2022, Prime Minister had launched the G20 logo and had unveiled India’s G20 Presidency theme – “Vasudhaiva Kutumbakam”- “One Earth. One Family. One Future”. Designed in the colours of India’s national flag, the G20 logo symbolizes our pro-planet approach and growth amidst challenges.