Sunday, October 22, 2017
Kashmir Times Logo
India had major influence on counter terrorism, trade talks at G20 Summit: Sherpa Arvind
ActIT Jammu, Projects, Java,, C# Training Jammu
Hamburg, July 9 (Agencies): India had a major influence on counter terrorism, trade and investment discussions at the G20 Summit, Indian Sherpa Arvind Panagariya said on the concluding day of the conference on Saturday.

Originally, there was a plan to put an annexure to joint statement for counter terrorism but India made a strong pitch for this being a stand alone document and named as a leaders statement, Panagariya said.

The discussions were cordial in this "closed group of friends" and objects didn't fly in the room, he quipped.

"We had cordial but tough discussions. It is a closed group and we all are friends here. But, that doesn't mean that being friends you will sacrifice national interest," agencies quoted him as saying.

To a question on the US being isolated as 19 members of this group of 20 asserted that the Paris Agreement was irreversible, Panagariya said there were differences but it is not about someone getting isolated but the Europeans certainly had a much stronger position.

Panagariya also said India maintained its position on climate change that it needs time to progress eventually to fully clean fuel. Except for the climate change issue where the US had a different position than others, Panagariya said there was a broad consensus on all other key issues among the G20 leaders, including on ways to revive global growth in an inclusive manner.

On international financial architecture also, the leaders resolved to make necessary quota reforms and to ensure proper representation, Department of Economic Affairs Secretary Tapan Ray said.

The issue of international cooperation on financial matters also got strong support and India contributed in a strong way on this agenda, said Ray, who led the Indian side on finance track of the G20 proceedings.

Panagariya said the negotiations on final communique took almost four times longer this time around, which may also be attributed to the change in governments in the US and some other member countries. Besides, there were differences on some issues that took time to be ironed out, he added.

Panagariya, who is also the vice chairman of government think tank Niti Aayog, said negotiations took a lot of time on issues like climate change, trade and investment and migration.

The communique this time also talks about reciprocity and non-discrimination when it comes to trade liberalisation, he noted.

Ray said there was a broad consensus among the G20 members on revival of global growth and the communique emphasises on structural reforms, inclusive growth and job creation.

Further, he said the G20 leaders agreed on implementation of the IMF quota reforms and of bringing a new quota formula by 2019 besides, stressing upon the international cooperation on tax matters and financial information.

News Updated at : Monday, July 10, 2017
Comment on this Story 
Top Stories of the Day  
Normalcy restored in Kashmir
SRINAGAR, July 9: Life in Kashmir Valley returned to normal today after two days of restrictions and strike as the first death anniversary of Hizbul Mujahideen ‘commander’ Burhan Wani remained by and large peaceful. There were no restrictions on the movement or assembly of people anywhere in the Valley today, officials said. Restrictions were lifted after two days this morning as the situation remained by and large peaceful yesterday on Wani’s first death anniversary, they said. “There were
> Have asked MPs, MLAs for conscience vote: Kumar
> Chhari Mubarak leaves for Pahalgam
> Train services resume in Kashmir after 2 days
> NIA notices to Islamia School, Jamia Masjid administration
> Detained Yasin taken for medical check up
Other Stories from Web  
Find us on
Weather Report
Shridev Sharma
Mata Vaishnodevi | Matavaishnodevi | Mata Vaishno Devi
Electric Blanket | Electric Bed Warmers | Electric Under Blankets | Electric Heating Blanket
Web Design Jammu, Web Design Company, Ideogram Jammu
Home | Contact Us | Kashmir Times | Kashmir Times E-Paper - Jammu | Kashmir Times E-Paper - Srinagar | Dainik Kashmir Times | Jammu Prabhat
Copyright 2013 Kashmir Times Group. All rights reserved. Powered by Ideogram Technology Solutions Pvt. Ltd.