Commerce and Industry Minister Shri Piyush Goyal visited US and highlighted how digitisation is powering India’s growth, pitched for India story & invited them to become partners in this transformative journey. Shri Piyush Goyal also visited the Los Angeles Port, one of the busiest Seaports in the world. “It is the right time to invest in India’s Ports sector that is being expanded & upgraded to strengthen logistics. India & US look to deepen trade & investment ties & build resilient global supply chains,” he said.He added that on three out of four pillars related to supply chains, tax and anti-corruption and clean energy, India was comfortable with … the outcome and text and has joined the declaration, he also said that fruitful discussions had been held over the course of the Indo-Pacific Economic Framework (IPEF) Ministerial meeting to bring together a group of like-minded, rules-based, transparent countries with a shared interest in an open Indo-Pacific region. The Minister expressed confidence that together this group of 14 countries will define the rules of trade among countries which believe in fair play, transparency and rules-based trading in the future.“Our trade and investment ties have strengthened with the signing of Economic Cooperation and Trade Agreement. Discussed ways to further boost bilateral trade & cooperation under the IPEF”, he tweeted.The Indo-Pacific Economic Framework for Prosperity (IPEF) was launched jointly by the USA and other partner countries of the Indo-Pacific region on May 23, 2022, in Tokyo.

Source: Daily Shipping Times