Commerce and industry minister Piyush Goyal will visit San Francisco from November 13-16 to attend the ministerial meeting of Indo-Pacific Economic Framework (IPEF), the government said Friday.Simla Investment
Goyal will also hold bilateral meetings with the US Secretary of Commerce Gina Raimondo, US Trade Representative Katherine Tai, and ministers from other IPEF partner countries on the sidelines with a focus to address trade barriers, promote investments, and foster greater cooperation in areas such as technology and innovation.Jaipur Stock
“The minister will participate in the third in-person IPEF Ministerial meeting from November 13-14, 2023, which is likely to see significant updates on the progress of negotiations,” the ministry said.
IPEF, a group of 14 countries, was launched jointly by the US and other partner countries of the Indo-Pacific region on May 23 in Tokyo. These nations represent 40% of global GDP and 28% of global goods and services trade.
As per the statement, Goyalwould represent India at the IPEF Leaders’ Meeting and the Partnership for Global Infrastructure and Investment- IPEF Investor Forum meeting on November 16.Simla Wealth Management
The minister would also participate in the meeting of the Asia-Pacific Economic Cooperation (APEC) and interact with eminent business persons, prominent academics, US officials and industry leaders to further strengthen economic and commercial relations between the two nations.
The APEC Economic Leaders Engagements will be on November 15-16, 2023. India has been invited as a guest economy. One of the key focus areas of the visit will be the joint event, co-chaired with Raimondo on India-USA Innovation Handshake Initiative with the aim to lift up and connect the two sides’ dynamic startup ecosystems, address specific regulatory hurdles to cooperation, and promote further innovation and job growth, particularly in emerging technologies.
Goyal will participate in the investors’ roundtable along with one-to-one meetings with CEOs, besides interacting with various stakeholders such as students, entrepreneurs, venture capitalists and Indian diaspora.
The minister is expected to interact with globally renowned technology, entrepreneurship, and academic communities in the Bay Area, specifically, in the Silicon Valley to undertake focused discussions with American companies looking to invest or expand in India across sectors – Electronics (including Semiconductor), Technology, FinTech, according to the statement.
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