BusinessNewsTop Stories

India’s entry into the APEC likely to be on agenda of PM Modi & Obama meet

India’s entry into the (APEC) grouping will likely be one of the “concrete” topics on the agenda of Prime Minister Narendra Modi in his talks with US President Barack Obama next week, NITI Aayog Vice Chairman Arvind Panagariya has said.

“One concrete thing I hope would be on the agenda is India entering into Asia-Pacific Economic Cooperation (APEC),” Panagariya said during a discussion yesterday at the Asia Society Policy Institute when asked what is on India’s economic agenda as Modi visits the White House and as Obama’s presidency is in its final months.

Panagariya had noted during the discussion that trade agreements like with APEC will be a “stepping stone” but APEC by itself “is not going to get you very far” and greater market access requires getting into other agreements. He however added that Prime Minister Modi himself committed to India entry’s into APEC and during Japanese Prime Minister Shinzo Abe’s visit had sought Tokyo’s support for New Delhi’s entry into the trading bloc.

He said India has been “slower” than other countries in entering free trade agreements, NITI Aayog Vice Chairman Arvind Panagariya said India will need to capture some of the world markets if it has to sustain an eight to 10 per cent growth rate over the next 20-25 years.

“On the Free Trade areas, India has been certainly slower than other countries,” Panagariya said at the discussion on the two years of the Modi government responding to whether a trade-led growth is a priority for the government.

NMTV

NMTV was launched in the year 1999, and is Maharashtra only accredited 24-hour, 7-day-a-week local cable news station of Navi Mumbai airing news bulletins and programs in English, Hindi and Marathi. NMTV represents the state-of-the-art in local television news coverage, delivering on a commitment of responsible and community-oriented journalism on an around-the-clock basis.

Related Articles

Back to top button
Close
Close