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Although Chinese Commerce Minister Wang Wentao told his Australian counterpart this month that the “freeze is over,” the chill could quickly return.
Commerce Minister Piyush Goyal on Friday called upon countries of the Global South to forge new partnerships for building resilient supply chains, increasing trade and promoting tourism.
Commerce Minister Wang Wentao said last week many companies have reported declining orders, while the value of orders is shrinking and long-term contracts are getting shorter.
Source: https://businessmirror.com.ph/2023/03/07/china-exports-extend-decline-adding-pressure-to-economy/
India’s Commerce Minister Piyush Goyal had earlier said ONDC can transform the e-commerce sector in India and abroad like the Unified Payments Interface (UPI).