India and the United States eager to strengthen their economic relations and strategic partnership: Goyal

New Delhi: Union Trade and Industry Minister Piyush Goyal said on Saturday that India and the United States are willing to continue working to strengthen economic relations and strategic partnership, according to an official statement .

Piyush Goyal was addressing an event organized by the US-India Strategic Partnership Forum in Los Angeles.

“The Indian government and the US government both want to strengthen the economic relations and the strategic partnership, adding that the strong bond with the people of the United States will very quickly turn into business and government,” the minister said. Union.

Goyal said two free trade agreements (FTAs) have already been finalized this year and hopes to conclude at least two more by the end of this year.

Reiterating that India is expanding its international engagements with countries around the world, Goyal noted that having lived, worked and benefited from countries like the United States, the Indian diaspora understands the importance of international engagements.

According to the ministry, Goyal pointed out that working with 30 million Indian diasporas around the world and working with friendly countries like the United States and Europe can significantly change the course of history.

Reiterating that India is on course to become a $30 trillion economy in the next 25 to 30 years, the Minister called on the Indian Diaspora to seize the opportunity presented by the history of the growth of the ‘India.

The Indo-Pacific Economic Framework for Prosperity (IPEF) was jointly launched by the United States and other partner countries in the Indo-Pacific region on May 23, 2022 in Tokyo.

India joined IPEF and Prime Minister Narendra Modi attended the launch event along with US President Joe Biden, Japanese Prime Minister Kishida Fumio and other leaders from partner countries. Previously, virtual ministerial meetings were held immediately after the launch on May 23 and thereafter from July 26-27, 2022.

India is committed to a free, open and inclusive Indo-Pacific region and would strive to deepen economic cooperation among partners for growth and prosperity in the region. The framework is inclusive and allows partner countries to join pillars according to their respective priorities, the Ministry of Trade and Industry said in a statement.

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