Modi vows to advocate for developing world in speech to business summit

(27 Aug 2023)
RESTRICTION SUMMARY:

ASSOCIATED PRESS
New Delhi - 27 August 2023
1. Indian Prime Minister Narendra Modi walking towards the podium, greeting everyone with folded hands
2. Wide of the summit
3. Participants listening
4. SOUNDBITE (Hindi) Narendra Modi, Indian Prime Minister:
“Friends there is an ‘I’ in the theme ‘RAISE’ for B20. I represents innovation, but along with innovation in it. I also see this 'I' for inclusiveness. With this vision we have invited the African Union to be members of G20."
5. Participants listening
6. SOUNDBITE (Hindi) Narendra Modi, Indian Prime Minister:
“Africa’s economic development is an area of focus in B20 also. India believes that the more inclusive this forum in its approach the bigger impact it will have. This will help in handling the global economic challenges, sustain growth and this will help in implementation of the decisions made here (in the B20 summit) and we will be able to be successful.”
7. Modi greets with folded hands as he walks away

ASSOCIATED PRESS
New Delhi – 25 August 2023
8. Wide of trade ministers and delegates at the B20 summit of business leaders
9. Mid of B20 delegates at summit
10. SOUNDBITE (English) Wang Shouwen, China International Trade Representative and Vice Minister of Commerce:
“China, India trade relationship has been growing very fast. Last year, our bilateral trade reached 130 billion US dollars. If there had been an FTA agreement between China and India, either bilaterally or in RCEP (Regional Comprehensive Economic Partnership) context. The trade potential existing between our two countries will be much further tapped to the benefit of our two peoples. So, it is your decision to decide whether you will join RCEP. But RCEP’s door will be always open to India.”
11. Mid of Indian Minister of Commerce and Industry Piyush Goyal, UK Secretary of State for Business and Trade Kemi Badenoch, and US Trade Representative Katherine Tai seated
12. Mid of summit
13. SOINDBITE (English) Piyush Goyal, Indian Minister of Commerce and Industry:
“The Indian industry feels that if we had entered into this agreement with the RCEP, this trade would have certainly increased but it would only have increased the trade deficit further. Because we just can’t seem to understand the kind of pricing, the kind of cost at which you are supplying goods. It’s a matter that I think all the ministers would like to know. How you can supply goods at less than the raw material costs? ”
14. Mid of delegates
STORYLINE:
Indian Prime Minister Narendra Modi said the country’s role as the G20 host this year would focus on highlighting the concerns of the developing world, and has proposed the African Union to become permanent members of the forum.

“We have a vision of inclusiveness and with that vision, we have invited the African Union to become permanent members of the G20,” Modi said on Sunday as he addressed the Business 20 Summit in New Delhi.

The B20 is an industry event and part of the summit of the 20 leading rich and developing nations, which will be hosted in the Indian capital next month.

Over three days, industry and policy leaders from around the world have discussed themes like building resilient supply chains, digital transformation, debt distress facing developing countries and how to advance on climate change goals. Their recommendations will be shared with the G20 governments, organizers said.

As host of the G20 this year, India has struggled to bridge the differences among member countries over the war in Ukraine.












AP video shot by Rishi Lekhi and Shonal Ganguly


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