Strengthening multilateral institution necessary: Aviation Minister

With an objective to deliberate on trade related issues and policy matters pertaining to exports from Eastern India, an interactive session was organised under the aegis of FIEO with Suresh Prabhu, Minister of Commerce & Industry & Civil Aviation recently. Nari Kalwani, Regional Chairman, FIEO Eastern Region, stated that trade restrictive measures, volatility in currencies and liquidity challenges were rising threats to India’s exporters’ community. He stressed on the need for streamlining infrastructure and logistics issues to boost exports from Eastern Region. The issue of cargo detention at Indo-Bangladesh border due to infrastructural bottlenecks, was a matter which should be taken up through bilateral discussion between the two countries.
Prabhu stated that he was glad that the number of exporters were rising in India. In the month of June 2018, there was a 20 per cent rise in exports of India as compared to the previous month. The government has taken large number of measures in few months to promote exports, amidst rising protectionism in developed countries. He also mentioned how India has taken a firm stand at international level to emphasise on the role of WTO for resolving global trade disputes.