India reitrates its efforts for free, open and inclusive Indo-Pacific says Piyush Goyal

Union Minister Piyush Goyal says India recommits to its efforts for free, open and inclusive Indo-Pacific

Commerce and Industry Minister Piyush Goyal has reaffirmed India’s commitment to a free, open and inclusive Indo-Pacific. The Minister today attended the first in-person Ministerial meeting of the India-Pacific Economic Forum, IPEF, in Los Angeles. The Minister added that India will take decisions on different aspects of the frameworks of IPEF based on its national interest.

Mr Goyal met  US Commerce Secretary Gina Raimondo on the side-lines of the IPEF Ministerial and discussed further deepening of India-US trade. He said that both US and India believe in the need to have self-reliance as a core philosophy and have resilient supply chains between trusted partners who believe in transparent economies and rules-based trading systems.

He added that an India-US Trade Policy Forum would soon be held during which the two countries will come up with more deliverables and newer areas of engagements.

Discussing about digital economy, the Minister said that India is looking to have very contemporary and modern laws in the digital space while maintaining high levels of data privacy, particularly of the citizens’ personal data.

Piyush Goyal also met the Japanese Minister for Economy, Trade and Industry, Yasutoshi Nishimura. In a tweet, the Minister said that they discussed about expanding trade, job growth and areas of mutual interest to give further impetus to India-Japan economic cooperation.

In his meeting with Vietnam’s minister of Industry & Trade Nguyen Hong Dien, the Minister discussed expansion of bilateral trade and generating jobs with greater cooperation across areas of mutual interest.

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