Commerce minister to visit US for IPE

New Delhi: Commerce and Industry Minister Piyush Goyal will visit San Francisco from November 13-16 to attend the ministerial meeting of Indo-Pacific Economic Framework (IPEF), under which pacts are being negotiated on areas such as supply chain resilience. IPEF, a group of 14 countries, was launched jointly by the US and other partner countries of the Indo-Pacific region on May 23 in Tokyo. These nations represent 40 per cent of global GDP and 28 per cent of global goods and services trade. The commerce ministry said in a statement on Friday that the minister would also participate in the meeting of the Asia-Pacific Economic Cooperation (APEC). Besides, he will also interact with eminent business persons, prominent academics, US officials and industry leaders to further strengthen economic and commercial relations between the two nations.