India, UK to set up 'Sustainable Finance Forum'
India-UK economic ties are important as together they are two of the world's top seven economies with a combined GDP of over $5 trillion.Author : Tanvi
India and UK on Wednesday decided to establish the 'India-UK Sustainable Finance Forum'.
Finance Minister Nirmala Sitharaman led the Indian delegation in the 10th round of Ministerial UK-India Economic and Financial Dialogue (EFD) wherein both sides talked on sharing of experiences on coronavirus response, and collaboration in the G20 on finance track matters, among others.
"Issues related to international tax agenda including development of inclusive consensus based solution on the taxation of digital economy was discussed," said a Finance Ministry statement.
Infrastructure development and promotion of sustainable finance were also discussed with a focus on green finance, and it was decided to establish bilateral India-UK Sustainable Finance Forum.
India and the United Kingdom enjoy close bilateral relations in diverse areas.
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India-UK economic ties are important as together they are two of the world's top seven economies with a combined GDP of over $5 trillion. India-UK trade has more than doubled since the first EFD in 2007, with bilateral investment supporting over half a million jobs across both countries
The dialogue concluded with the formal signing of the Joint Statement by Sitharaman and the UK's Chancellor of Exchequer Rishi Sunak.