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India's priority is to work towards TFA for services: PM Narendra Modi

IBEF:  September 06, 2016

Hangzhou: Prime Minister Narendra Modi, during his intervention on the second day of the G20 Summit in this eastern Chinese city, has stated that India's priority will be to work towards trade facilitation agreement (TFA) for services, a move which is expected to help in movement of professionals. Ms Nirmala Sitharaman, Minister of State for the Ministry of Commerce & Industry, has stated that India would move a proposal on this at the World Trade Organisation (WTO) as the services sector, which contributes significantly to the country's economy, has a huge potential. The minister had raised the issue of TFA in services in June 2016, during her meeting with key members of WTO on the sidelines of the Organisation for Economic Cooperation and Development (OECD) ministerial council meeting in Paris.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.