- At the welcome reception of the APEC on Thursday, Biden and Piyush Goyal met.
- Piyush Goyal has stated that he supports the country’s initiatives to combat climate change and advance sustainable development.
- There are 21 members of the APEC group, but India is not one of them.
At the welcome reception of the Asia-Pacific Economic Cooperation (APEC) on Thursday, US President Joe Biden and Union Minister Piyush Goyal met.
On the social media platform “X,” the union minister of commerce and industry posted, “It was an honor meeting @POTUS at the APEC welcome reception yesterday.”
Asia-Pacific Economic Cooperation
The prime minister of India, Piyush Goyal, has stated that he supports the country’s initiatives to combat climate change and advance sustainable development. Goyal was invited to the APEC Summit in San Francisco, where he met US President Joe Biden and First Lady Jill Biden.
There are 21 members of the Asia-Pacific Economic Cooperation group, but India is not one of them. The nation submitted a request to join the organization in 1991, but because of its history of economic reforms and protectionist tendencies, some members were against it. India’s exclusion was also influenced by the membership freeze that was in place from 1997 to 2012 but was not renewed.
US Treasury Secretary Janet Yellen, who also met with Goyal, conveyed her admiration for her. President Alex Rogers of Qualcomm Technology Licensing and Global Affairs, Japanese Prime Minister Fumio Kishida, and Peruvian Minister of Foreign Trade and Tourism Juan Carlos Mathews met with him.
Attending the Partnership for Global Infrastructure Investment (PGII) and IPEF Investment Forum, Goyal commended US Commerce Secretary Gina Raimondo and US President Amos Hochstein’s senior advisor for their outstanding initiative.
He acknowledged PM Modi’s revolutionary efforts in improving business accessibility, bringing transparency to the business regulatory environment, and achieving sustainable growth and development, and he expressed optimism about favorable outcomes for India and the region.
In Goyal’s opinion, the US-India Green Transition Fund, established by the National Investment and Infrastructure Fund (NIIF) and the US Development Finance Corporation (DFC), will aid India in realizing its aspirational targets for the production of renewable energy.
To combat climate change and encourage sustainable growth, the US-Indian partnership has been a major step forward.
