QUAD, Indo-Pacific Economic framework further expanded cooperation between India, USA: FM Sithraman
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Union Finance Minister Nirmala Sithraman said that QUAD and Indo-Pacific Economic framework have further expanded cooperation between India and USA. She said, India deeply values the relationship with the USA as a trusted partner. In her opening remarks at the 9th meeting of India-US Economic Financial Partnership in New Delhi today, the Minister stressed on the need to address the global economic challenges in a more coordinated manner.
Speaking on this occasion, US Treasury Secretary Dr. Janet Yellen said, strong trade, investment and people-to-people ties make bilateral, economic and financial relationships, a critical element to India-USA partnership. She said, USA is eager to discuss its shared priorities as India assumes the G20 presidency. During the Indo-Pacific Economic framework meeting, both sides will discuss issues of mutual interest including climate finance, multilateral issues, India-US cooperation at G20 under India’s Presidency, taxation, supply chain resilience, global economy and macroeconomic outlook.
On the sidelines of the 9th India-US meeting, both leaders will also participate in a roundtable interaction on India-US business and economic opportunities with top business leaders and eminent economists. Earlier speaking at the Microsoft India Development Center, Dr. Yellen backed Indian Prime Minister Narendra Modi’s remarks on the Russia-Ukraine conflict saying that the Prime Minister was right when he had said that this is not an era of war. She said, India is among the fastest-growing major economies of the world and the US focus is on deepening shared economic interests including fuel trade.
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