Business

France Applauds India’s Efforts To Digitize Trade Documents

French trade minister Olivier Becht on Friday thanked India for engaging in discussion about digitalisation and logistics and other key aspects and current challenges of the trade.
Speaking in a session themed ‘Leveraging technology for paperless commerce’ during the ongoing G20 Trade and Investment Ministerial Meeting here, the French minister said his country strongly welcomes G20 work on high-level principles for the digitalisation of trade documents.

“The digitalisation of trade documents will make it easier for our companies to carry out import and export transactions. It could especially facilitate the access of SMEs to international trade and encourage their expansion in a highly uncertain environment,” the minister said, adding he was convinced this digitalisation will boost the competitiveness of export businesses.

Becht, who apart from trade also holds Economic Attractiveness, and French Nationals Abroad, French Ministry for Europe and Foreign Affairs portfolios, added all G20 members must support and accompany this digitalisation process.
“And let me underline this process of digitalisation is already a priority in France: with my colleague in charge of economy Bruno Le Maire, we have commissioned a special report on the legislative evolutions needed to implement this digitalization,” the minister added. The report was delivered just before summer and hoped to implement its conclusions “as soon as possible”.

“Then, to advance our common objective of trade inclusiveness, I am convinced it will be important to provide technical assistance to developing countries to ensure that they are able to join this process.  We will have to make sure that their business community takes up this challenge.”
The two-day G20 Trade and Investment Ministerial Meeting is underway in Jaipur from Thursday. The deliberations focused on building consensus on global trade and investment-related issues, along with accomplishing action-oriented proposals put forward by the Indian Presidency.

Source ANI

Also Read: Planning Expose Billionaire George Soros-Backed Group Targets Indian Firms, Says Report

Bharat Express English

Recent Posts

Mumbai’s Street MBA: How A Bag Hustle Became A ₹8 Lakh Business

A Mumbai auto driver earns up to ₹8 lakh per month by offering a simple…

58 mins ago

Five Districts In Manipur Face Internet Shutdown Following Unrest

Manipur suspended internet in five districts for five days after protests over arrest of a…

2 hours ago

Shashi Tharoor Criticises Pakistan: “In Pakistan You Get Rewarded For Promoting Terrorism”

Shashi Tharoor condemns Pakistan’s treatment of Dr Shakil Afridi, who helped the US locate Osama…

2 hours ago

How To Read Food Labels & Make Smarter Grocery Choices

Reading food labels helps you make informed, healthier choices by understanding nutrition facts & picking…

3 hours ago

JP Nadda Slams Rahul Gandhi’s ‘Match-Fixing’ Claims As ‘Desperation Of Losing’ Polls

Rahul Gandhi's opinion piece appeared in a national daily and sparked political uproar. Opposition parties…

15 hours ago

Poverty In India Reduced Via Tangible Boost In Household Living Standards, Incomes

In 2022–23, poverty under the revised $3.00 line stood at just 5.25 per cent in…

15 hours ago