G-7: Another meeting of G-7 countries is going to be held in Italy next week. European countries eager for investment and trade in India may shower money during this time.

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An important meeting of the G-7 countries is going to be held in Italy next week. During this, the G-7 countries can rain money in terms of investment in India. Commerce and Industry Minister Piyush Goyal will be present in Reggio Calabria, Italy next week to attend bilateral meetings with his counterparts from the G7 countries. An official statement said on Saturday that during this time ways to promote trade and investment will be discussed. Reggio Calabria is a coastal city in southern Italy, where this meeting is going to be held.

The G7, a group of seven industrialized countries, includes Canada, France, Germany, Italy, Japan, Britain and the US. According to the statement, the purpose of these meetings is to find new avenues of trade and investment, resolve bilateral trade issues and strengthen economic cooperation. Goyal will hold these discussions during the outreach session of the G7 Trade Ministers’ meeting in Italy (July 16-17). The Ministry of Commerce and Industry said, “During this visit, Goyal will also attend bilateral meetings with trade ministers of G7 countries and other countries participating in the outreach session.

Trade and investment will get a boost
This will strengthen India’s commitment to global trade and investment partnerships.” According to the statement, during this time Goyal will tell about the trade and investment opportunities present in India. The ministry said that before visiting Italy, Goyal will be in Switzerland on July 14-15 and will discuss the European Free Trade Association (EFTA) Trade and Economic Partnership Agreement (TEPA).