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Non-discriminatory, rule-based global trading system essential

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Seeking a transparent and non-discriminatory global trading system, Prime Minister Narendra Modi today said all elements of the WTO’s Bali pact should be fully implemented.

In his intervention at the G-20 working lunch on ‘Trade and Energy’, Modi said the global trade slowdown was a major concern and prospects for rise in trade momentum remain bleak.

Stating that efforts to accelerate global economic growth will help trade, he said a transparent, equitable, non-discriminatory and rule-based global trading system is essential for the world economy.

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