Udayavni Special

All must support WTO for global trade: Prabhu

PTI, Jan 22, 2020, 3:32 PM IST

Davos: Former trade minister Suresh Prabhu on Wednesday said the WTO must be allowed to function freely and more efficiently for global trade to flourish, though some changes are evident in the multilateral institution going forward.

Speaking here at a session on ‘The Great Indo Pacific Race’, Prabhu also said oceans will play a very important role going forward, including for trade and security.

“We must allow free flow of trade and commerce in the Indo Pacific region. This region has huge growth potential provided there is cooperation and collaboration and improved connectivity,” he said.

Prabhu, who is also the Prime Minister Narendra Modi’s G20 Sherpa, said trade can create jobs and more business opportunities.

On World Trade Organization (WTO), he said, “Over a long period of time we have learned and realized that multilateral bodies must be allowed to function freely and efficiently as they can promote economic integration.”

“WTO in the past few decades has allowed global trade to grow and we all must support it. Yes, we will need more changes in WTO going forward as the nature of global trade is very dynamic,” he added.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Kerala records 7,995 new COVID-19 cases, 57 deaths

Bengaluru: Police quarter building tilts due to wide crack

We are not anti-Muslim: Union minister Prahlad Joshi

Bengaluru: Activists to perform ‘Pothole pooja’ to embarrass govt

The ‘Passive Voice’: Will Team India mentorship help Dhoni set CSK dug-out template in coming years?

Puttur: RSS leader accused of raping minor Dalit girl; Dalit organizations demand strict action

BJP mocks CWC as ‘parivar bachao working committee’, slams it for not reacting to Singhu killing

Related Articles More

HDFC Results: Bank’s Q2 consolidated profit rises 18% to Rs 9,096 crore

IMF hails India’s ‘swift and substantial’ response to COVID-19 crisis

Brexit fears started hitting UK trade as early as 2015 – new research

Reliance Brands to pick 40% stake in Manish Malhotra’s MM Styles

Govt removes export curbs on all diagnostic kits, reagents


Dasara Celebration at Dandeli

NEWS BULLETIN 16-10-2021

Rescue work at Kapu

Mysore Dasara 2021 Jamboo Savari

Mylaralinga Swamy Temple Pallaki Chariot

Latest Additions

No idea exactly what’s happening: Kohli on Dravid’s appointment as head coach

Kerala records 7,995 new COVID-19 cases, 57 deaths

BJP only knows ‘jeebh chalana’ and ‘jeep chadhana’: Akhilesh Yadav

Non-local vendor shot dead by militants in Srinagar

Bengaluru: Police quarter building tilts due to wide crack

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.