India is pushing for easier rules for travel to work across borders as protectionism in West rises

India is pushing for easier rules for travel to work across borders as protectionism in West rises

India is looking forward to making a global pitch in order to make it easier to travel for work across borders at international fora like the G-20 and BRICS . This moves come in order to protect Indians from the protectionist wave in the West which has unsettled the India’s services industry.

According to a ministry official, The plan is to approach other countries and get potential partners to support its proposed paper on Trade Facilitation in Services (TFS) that seeks to remove unnecessary regulations on trade in services.

“G-20 (Group of 20 major economies) and BRICS (association of emerging economies of Brazil, Russia, India, China and South Africa) are the right fora to build advantage of coalitions,” the official told a daily.

Currently, the sector accounts for about 60% in the country’s GDP and 28% of total employment. The commerce ministry along with the World Bank is also planning on holding a workshop on TFS next month to support awareness building and better understanding of the issue.

“Officials from the OECD will also be part of the workshop,” a person aware of the programme, told a daily. India had submitted the concept note on reducing regulations involved in trade in services in September last year to the World Trade Organisation (WTO). The note is currently being legally vetted.

 

News Source: www.businessinsider.in

About author

TnH Global
TnH Global 3891 posts

Our platform is the most comprehensive, current and accurate content destination for tourism that also offers the opportunity to connect and network with quality buyers and sellers.

Name: TnH Global              Email: admin@tnhglobal.com

You might also like

HR News

Clarks Inn appoints Rahul Malik as General Manager – Operations

Rahul Malik has been appointed as the General Manager – Operations at Clarks Inn Group of Hotels at the Corporate Office. A hospitality professional and a visionary with expertise in

Latest

Radisson debuts into Vietnam

International upscale brand enters Vietnam on idyllic tropical resort island Radisson Hotel Group has continued to expand its footprint in Vietnam with the signing of the country’s first Radisson resort,

Latest

Clarks Inn: March of the century

Total tally reaches 75 hotels in 2016 as the company now eyes the magical figure of 100 hotel portfolio this year. Few hotel companies have been able to leverage the

0 Comments

No Comments Yet!

You can be first to comment this post!