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At the 2018 G20 Buenos Aires summit in Argentina, Prime Minister Narendra Modi said he had requested Italy to host the summit in 2021 and allow India to host it in 2022, on the occasion of the 75th year of India's independence. Italy agreed to let India host the G20 summit in 2022 in its place, owing to the momentum in bilateral ties. [11]
In general, PTAs do not cover substantially all trade. The India Mercosur Preferential Trade Agreement is an example of a PTA. [2] A free trade agreement (FTA) also involves reducing or eliminating tariffs on items traded between the partner countries; however each maintains individual tariff structure for non-members.
The G20 or Group of 20 is an intergovernmental forum comprising 19 sovereign countries, the European Union (EU), and the African Union (AU). [2] [3] It works to address major issues related to the global economy, such as international financial stability, climate change mitigation and sustainable development, through annual meetings of Heads of State and Heads of Government.
India and Saudi Arabia agreed Monday to expand trade and security ties, two days after their leaders and others attending a Group of 20 summit announced a new railways and port corridor deal that ...
The two leaders also spoke about the planned expansion of the BRICS group of emerging economies - comprising India, Russia, China, Brazil and South Africa - as well as a summit of the G20 club of ...
ASEAN–India Free Trade Area (AIFTA), in effect as of 1 January 2010 [9] ASEAN–Japan Comprehensive Economic Partnership (AJCEP), in effect as of 1 December 2008 [10] ASEAN–Korea Free Trade Area (AKFTA), in effect as of 1 January 2010 [11] ASEAN–Australia–New Zealand Free Trade Area , in effect as of 1 January 2010 [12]
Chinese President Xi Jinping is likely to skip a summit of G20 leaders in India next week, sources familiar with the matter in India and China told Reuters, a development that would dash chances ...
G20 engagement groups and pre-conferences are meetings with various stakeholders. These groups make policy recommendations to G20 leaders and help shape the summit agenda. Sherpas are senior officials who represent their respective countries and play a crucial role in preparing the agenda and negotiating outcomes for G20 meetings. Sherpa ...