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16. INDIA TO PARTICIPATE IN WTO MINI-MINISTERIAL AT MARRAKESH
NEW DELHI, AUGUST 23: New Delhi, on its part, would like to ensure that
the mandate on public stockholding which flows
India will participate in a mini-ministerial meeting from the Bali and Nairobi Ministerial meetings
of trade ministers from select WorldTrade Organ- gets fulfilled.
isation (WTO) member countries at Marrakesh in
October to finalise the agenda for the Ministerial “We will insist on a permanent solution to the
meeting in Buenos Aires later in the year. problem of public stockholding so that the
concerns of developing countries on implementing
This follows complaints from countries, including their food security programmes without the fear
India, that the Nairobi Ministerial meeting in of attracting penalties are addressed,” the official
December 2015 was not handled well due to lack said.
of adequate preparation, a government official
said. On the mid-year review of the ForeignTrade Policy,
that is scheduled sometime next month, the
“India as well as some other countries had brought official said that it would try to address problems
it to the WTO Director General’s notice that the that exporters are facing after the implementation
Nairobi Ministerial meeting was almost a disaster of the GST regime. “Exporters are definitely facing
as all negotiations were left for theTrade Ministers liquidity issues as many exemptions have been
to carry out at the meeting itself. As a result there withdrawn and they have to wait for refunds. We
were numerous small-group meetings that kept have to see how these problems could be sorted
taking place and so many members did not have out,” the official said.
a clue as to what was happening,” the official told
BusinessLine. The Commerce Ministry is in talks with the Finance
Ministry on the matter and after an agreement is
The objective of the Marrakesh meeting would be reached between the two on the matter, the GST
to arrive at an agenda that would include items Council would be approached, the official added.
that have been negotiated well at the various
negotiating groups at the WTO so that crucial (Source: http://www.thehindubusinessline.com/economy/
decisions are not left for the Buenos Aires meet india-to-participate-in-wto-miniministerial-at-marrakesh/
in December. article9828671.ece dated 23rd August-2017)
17. 'TANZANIA IDEAL PLACE TO DO BUSINESS'
Minister for Industry, Trade & Investment, Tan- organized by FICCI, Mwijage said that Tanzania
zania, Charles Mwijage Wednesday invited with peace and political stability, strategic
the Indian business community to set up their location, attractive investment regime, investment
business in Tanzania to enhance trade and invest- incentives and guarantees, abundance of natural
ment relations between the two countries. resources, high growth potential, memberships
of bilateral trade agreements, export processing
He proposed that a special business forum could and special economic zones, and leisure
be organized in Tanzania for 10-days where destinations, offered immense potential for trade
Indian industry could visit sites and move around and investment.
Tanzania and then take a call regarding setting up
their business in the country. Manoj Dwivedi, Joint Secretary, Ministry of
Commerce and Industry, Government of India,
Addressing the 'India-Tanzania Business Forum'
August-September-2017 38
