Yellen to participate in US-India partnership talks in New Delhi

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Secretary Yellen will then hold a bilateral meeting with Indian Minister of Finance and Minister of Corporate Affairs Nirmala Sitharaman…reports Asian Lite News

US Treasury Secretary Janet L Yellen will participate in the US-India Economic and Financial Partnership in New Delhi on November 11.

During her stay, Secretary Yellen will highlight the strength of the United States’ partnership with India, which continues to deepen, the US Department of the Treasury said on Friday as it announced the visit.

The Secretary will meet with technology sector leaders and visit the Microsoft India Development Center, where she will deliver remarks on the United States’ economic partnership with India.

Secretary Yellen will then hold a bilateral meeting with Indian Minister of Finance and Minister of Corporate Affairs Nirmala Sitharaman.

Following the US-India Economic and Financial Partnership (EFP) dialogue, the Secretary will join Minister Sitharaman for a fireside discussion with executives from major Indian companies and American companies operating in India.

To conclude the day, Secretary Yellen and Minister Sitharaman will sign a joint statement on the EFP dialogue, the US Department of the Treasury said.

“Throughout her visit to India, Secretary Yellen will discuss how the United States and India have worked together to deepen their economic ties,” the US Department of the Treasury said in its press release.

“Secretary Yellen will highlight the close ties between American and Indian people and businesses, and note ways we can further our bilateral economic relationship, including through the Indo-Pacific Economic Framework and stronger supply chains through friend-shoring,” the release added.

She will reaffirm America’s and India’s shared democratic values and commitment to upholding a rules-based international order as the world’s largest democracies.

The Secretary will also welcome India’s assumption of the G20 presidency next month and discuss opportunities to make progress on global challenges through global climate action, evolving the multilateral development banks (MDBs), further strengthening global health architecture, and advancing debt relief for low-income countries and emerging markets, the department said.

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