Indian Commerce and Industry Minister, Piyush Goyal, embarked on a significant engagement at the Asia-Pacific Economic Cooperation (APEC) Summit held in the United States. Goyal’s presence at the APEC Summit saw interactions with various global leaders, emphasizing crucial aspects of trade, investment, and India’s positioning on the global stage.
During the summit, Goyal had a notable encounter with US President Joe Biden at the APEC welcome reception, where he expressed his honor at meeting the President. Goyal also engaged with US Secretary of Treasury, Janet Yellen, and Peru’s Minister of Foreign Trade and Tourism, Juan Carlos Mathews, discussing Free Trade Agreement (FTA) negotiations between India and Peru.
Further, Goyal met with Qualcomm’s President for Technology Licensing and Global Affairs, Alex Rogers, discussing collaborative opportunities within India’s evolving semiconductor landscape. Additionally, he held discussions with Japanese Prime Minister Fumio Kishida, exploring potential collaborations on the sidelines of the APEC Leaders’ Meeting.
Goyal’s participation extended to forums such as the Partnership for Global Infrastructure Investment (PGII) and the IPEF Investment Forum. He lauded the initiatives led by US Commerce Secretary Gina Raimondo and US President’s Senior Advisor Amos Hochstein while highlighting India’s potential as an avenue for global investment.
Expressing optimism about India’s role as an investment destination, Goyal attributed this recognition to Prime Minister Narendra Modi’s initiatives aimed at enhancing ease of doing business, fostering transparency in the regulatory ecosystem, and driving sustainable growth.
The engagements at the APEC Summit and related forums underscore India’s concerted efforts to bolster global partnerships and advocate for its inclusion in the APEC grouping, despite historical debates surrounding economic reforms and membership eligibility.
Sources By Agencies