Statement by US Treasury Secretary Yellen as ‘indispensable partner’ for India

US Treasury Secretary Janet Yellen said her country sees India as an “indispensable partner.”

According to the Indianexpress news, Yellen, who turned her route to India after her visit to China last week, went to the state of Gujarat to attend the G20 Finance and Finance Ministers meeting.

Speaking to the press ahead of the meeting, Yellen said the US sees India as an “indispensable partner” in the field of “friendly partnership” policy, which is defined as building supply chains through from countries with which it has close relations. .

Stating that the private sector plays an important role in the policy of “sourcing from friendly countries”, Yellen drew attention to the increasing investment by companies that see India as a place that “produces and exports to the US”.

BILATERAL TRADE AT THE HIGHEST LEVEL

“The United States is India’s largest export market, and last year our two-way trade reached an all-time high and we want to see it grow further,” Yellen said. saying.

Treasury Secretary Yellen also stressed that the fight to prevent Russia from evading international sanctions to which it was exposed by the Ukraine War is “one of the main objectives” this year.

Saying that she saw her visit to China last week as a step to “provide stronger and more productive communication channels and build relationships on a stronger foundation,” Yellen said that, like the world’s two largest economies, China and the United States, they should cooperate on their common concerns.

Yellen is expected to visit Vietnam after India. (AA)