Trade war

"A day will come when there will
be no battlefields, but markets
opening to commerce and minds
opening to ideas."
― Victor Hugo

"International Trade,
WTO and Way Forward"

PSEs to engage proactively for WTO Reforms

Thesynergyonline Economics Bureau

NEW DELHI, DECEMBER 21 : Standing Conference of Public Enterprises (SCOPE) and Indian Institute of Foreign Trade (IIFT) jointly organized program on "International Trade, WTO and Way Forward" which was inaugurated by Mr. N. Sivasailam, IAS, Special Secretary, Commerce & Industry, Govt. of India in the presence of Mr. Ved Prakash, Chairman, SCOPE & CMD, MMTC, Dr. U.D. Choubey, DG, SCOPE, Dr. Abhijit Das, Head & Professor, IIFT.

On the occasion Mr. N. Sivasailam also released the Kaleidoscope journal. This Programme was organized in the backdrop of India's growing role in international trade and commerce and the opening of the economies globally.

"A man is worked upon by what he works on. He may carve out his circumstances, but his circumstances will carve him out as well." ― Frederick Douglass, The Portable Frederick Douglass

Inaugurating the program, on behalf of Commerce & Industry Minister, the Special Secretary, Commerce, Mr. N. Sivasailam, said there are uncertainties in world trade because of trade war which is causing collateral damage.

Mr. Ved Prakash, Chairman, SCOPE while expressing his concerns about the recent global trade war said that on one side, we are facing challenge from dumping of goods and on the other hand, we are also experiencing decline in exports. However, Govt. of India has taken many initiatives like Make in India, Startup etc towards ease of doing business.

Dr. U.D. Choubey, Director General, SCOPE while welcoming expressed concern on the ongoing tariff war, supremacy of currency and policy of protectionism which is restricting free trade between the nations.

'To understand this new frontier we will have to try to master one of the most difficult and counterintuitive theories'

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Confusion worse confounded

Dr. Abhijit Das, Head & Professor, IIFT in his address said the countries that were at the forefront of liberalization have withdrawn their hand. He said that Indian PSEs will suffer collateral damage because of restrictive trade practices.The program was attended by a large number of senior executives of public enterprises.