The global economy is in a state of flux. After witnessing a pickup in growth over the past couple of years, there is concern that this trend may see a reversal. Already, there are calls for protectionism from advanced economies which are leading to restrictive policies for cross-border trade and investment flows. This has triggered a backlash against globalisation, a move which should be reckoned with.
17.00 Registration & Networking; Refreshment
17.30 Opening Remarks:
H E Mrs. Ruchi Ghanashyam, High Commissioner of India to the UK
17.40 Keynote Address:
Shri J S Deepak, Ambassador/Permanent Representative of India to the World Trade Organization
18.00 Interaction with Moderator
Free trade was under a cloud before the Brexit referendum and the American presidential election. In fact, non-tariff barriers were already on the rise in the world. On the other hand, there is the reality of the technology driven world order, with robotics, digitisation and artificial intelligence steering global manufacturing and subsequently is leading to the creation of Global Value Chains (GVCs).
In such a situation how can India create a strong, sustainable, balanced and inclusive growth through globalisation? Is WTO relevant to the present world and specifically to India? What are the opportunities and challenges confronting WTO in this changing world order? Can India lead the way on Global Trade?
Is WTO relevant to India?