Centre for Trade and Investment Law at IIFT celebrates its 6th Anniversary
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Centre for Trade and Investment Law instrumental in developing the country’s
global trade policy
The Centre for
Trade and Investment Law (CTIL), established by the Ministry of Commerce and
Industry at the Indian Institute of Foreign Trade (IIFT), New Delhi celebrated
its 6th Anniversary and released the Sixth Anniversary issue of CTIL Magazine
on August 4, 2023 at New Delhi. The event was graced by Attorney General of
India, R Venkataramani; Secretary, Department of Commerce, Sunil Barthwal;
Additional Secretary, Department of Commerce, Peeyush Kumar and Vice
Chancellor, IIFT, Prof Satinder Bhatia.
The event marked six years of the foundation of CTIL.
CTIL was established by Department of Commerce, for enhancing capacity on legal
issues pertaining to international trade and investment law. CTIL serves as a
repository of information on trade and investment law and has emerged as a
thought leader in engaging in and influencing the evolving discourse on global
economic law issues.
R Venkataramani in his keynote address underlined the
need to create a global investment law which reflects the sensitivities and
priorities of developing countries. The Attorney General noted that it is time
to come out with a New Delhi Declaration on a new and alternative paradigm in
determining investment protection and facilitation.
Sunil Barthwal highlighted the importance of expertise in
both law and economics for the Department of Commerce. He underscored that CTIL
is instrumental in developing the country’s global trade policy. He mentioned
that the researchers at CTIL have a rare opportunity to contribute to the
country’s policy making and being involved in the most contemporaneous issues
being discussed in the field of trade and investment law.
Peeyush Kumar appreciated CTIL’s ability to develop a
body of trade law expertise and conduct evidence-based research which has been
valuable to the Department of Commerce. He highlighted the role of the Centre
acquiring capacity to emerge as a global think-tank.
Prof Satinder Bhatia stressed on the importance of making
regional blocs more investor friendly to increase both India’s inward and
outward investments. Head, CTIL, Prof. James Nedumpara presented a report on
the activities of the Centre.