India and Latin American and the Caribbean (LAC) countries need to speak in one voice globally in the true spirit of South-South Cooperation, stated Meenakshi Lekhi, Minister of State, Ministry of External Affairs. She was speaking at the Valedictory Session on day 2 of the 9th CII India-LAC Conclave organised in New Delhi by Confederation of Indian Industry (CII) in association with Ministry of External Affairs and Ministry of Commerce and Industry. The Minister added that G20 under India’s presidency has directed particular attention toward addressing the concerns of the Global South. Lekhi said the unified voice would be particularly important in the current multipolar world that calls for negotiated engagements on climate change mitigation, dismantling of trade barriers, among others. In this context, she said the 9th CII India-LAC Conclave needs to be viewed as a call to action to bring alive more engagements between the two regions. Stating that India has set sights on becoming the third largest economy by year 2047 when the country completes 100 years of Independence, Lekhi said that when India does well, the world does well, and urged LAC countries to work closely with India by leveraging the complementarity that exists between the two regions. Ms Delcy Eloína Rodríguez Gómez, Executive Vice President and Minister of People’s Power for Economy, Finance & Foreign Trade of the Bolivarian Republic of Venezuela in her address said the two regions need to consider conducting trade in local currency.
You Might Also Like:India, LAC can target USD 100 billion trade by 2027, says EAM Jaishankar
Sunil Barthwal, Secretary of Commerce, Ministry of Commerce & Industry, Government of India said that considering that imports
Read more on economictimes.indiatimes.com