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Global Economic Risks Reinforce Need To Strengthen Global Cooperation at Multilateral Level: Finance Minister Nirmala Sitharaman

New Delhi: Port Wings News Network: Union Finance Minister, Smt Nirmala Sitharaman, has said that the global economic risks and imbalances reinforce the need to strengthen global co-operation at the multilateral level, besides governmental initiatives. She stated this in her intervention during International Monetary and Financial Committee (IMFC) Plenary Session …

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FIEO to Focus on Japan To Realise Untapped Potential

New Delhi: Port Wings News Network: The current export of US$ 17.6 billion does not reflect the true potential of trade between India and Japan, Mr S K Saraf, President, FIEO, has said. Addressing the session on Trade & Business Opportunities between India and Japan, Mr Saraf said that the …

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Tamil Nadu Hosts Second India-China Informal Summit

Chennai: Port Wings News Network: Prime Minister Narendra Modi and President of China Mr Xi Jinping held their Second Informal Summit in Chennai, Tamil Nadu, on 11-12 October 2019. The two Leaders had an in-depth exchange of views in a friendly atmosphere on overarching, long-term and strategic issues of global …

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World Trade Report Sees Increasing Role for Services Trade

Chennai: Port Wings News Network: The 2019 edition of the WTO’s World Trade Report highlights that services have become the most dynamic component of international trade and that its role will continue to expand in the coming decades. It stresses the need to enhance cooperation in the international community to …

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WTO Lowers Trade Forecast as Tensions Unsettle Global Economy

Chennai: Port Wings News Network: Escalating trade tensions and a slowing global economy have led WTO economists to sharply downgrade their forecasts for trade growth in 2019 and 2020. World merchandise trade volumes are now expected to rise by only 1.2% in 2019, substantially slower than the 2.6% growth forecast …

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