Make Globalization More Transparent: Finance Minister Sitharaman In US
April 12, 2023: India’s Finance Minister, Nirmala Sitharaman, spoke about the need to increase transparency in globalization during her visit to the United States.
Addressing a gathering of business leaders and policymakers, she stressed the importance of promoting a transparent and fair global trade system that benefits all countries and stakeholders.
Sitharaman highlighted the challenges faced by developing countries in participating in global trade and stressed the need for a level playing field that allows for fair competition.
She urged developed countries to take measures to increase transparency in areas such as trade policies, investment regulations, and intellectual property rights.
The Finance Minister also spoke about India’s efforts to promote transparency and accountability in its own policies and practices, such as the introduction of the Goods and Services Tax (GST) and the Digital India initiative.
She emphasized the importance of collaboration and cooperation among countries to address global challenges such as climate change, poverty, and inequality.
Sitharaman’s remarks come amid increasing concerns about the impact of globalization on developing countries and the need for reforms to make the global trade system more equitable and transparent.
Her call for increased transparency is likely to resonate with many developing countries that have been seeking a greater voice in global trade negotiations.
The Finance Minister’s visit to the United States is part of India’s efforts to strengthen economic ties with the country and promote investment and trade.
She is expected to hold meetings with business leaders and policymakers to discuss ways to enhance bilateral economic cooperation and address issues related to trade and investment.
In conclusion, Sitharaman’s call for increased transparency in globalization highlights the need for a fair and level playing field in global trade.
Her remarks are likely to stimulate discussions and debates on the topic and may lead to reforms that promote transparency, accountability, and fairness in the global trade system.
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