Updated By: LatestGKGS Desk
Government constitutes High Level Advisory Group for India's global trade strategy
Government constitutes High-Level Advisory Group for India's global trade strategy: Details, Aim, Composition, Highlights
Union Ministry of Commerce and Industry on 28th September 2018 has constituted a High-Level Advisory Group (HLAG) for reviewing India's global trade strategy.
The HLAG was constituted to make recommendations for identifying opportunities and addressing challenges in order to find a way forward for India in the contemporary global trade scenario.
The HLAG main responsibility is to consider ways of boosting India’s share and importance in global merchandise and services trade, managing pressing bilateral trade relations and mainstreaming new age policy making.
Key Responsibilities
To examine the prevailing international trade dynamics and rising protectionist tendencies, especially on the part of major economies.
To examine non-engagement by some countries on outstanding trade negotiation issues and commitments, including the Doha Development Agenda and their insistence on pursuing negotiating mandates.
To build consensus and common understanding.
To suggest a way forward for India in light of the examination, taking into account its interests and sensitivities.
To provide options for a balanced approach for the global community to build on achievements thus far and create a conducive global trade framework and move forward in a harmonious and consensual manner that is acceptable to all.
The HLAG will be chaired by Surjit S Bhalla, who is the Director of Oxus Research and Investments.
