15th NOVEMBER 2023 ENGLISH TNPSC CURRENT AFFAIRS PDF TNPSC SHOUTERS
3rd Ministerial Meeting on Indo-Pacific Economic Framework
- Union Minister of Commerce, Industry, Consumer Affairs, Food, Public Distribution and Textiles Mr. Piyush Goyal participated in the Ministerial Level Meeting of the Third Indo Pacific Economic Framework on 14 November 2023.
- He then interacted with Indian entrepreneurs in Western America. The discussion was organized by the Consulate General of India in San Francisco in association with IIT Alumni Association and DIE Global.
- A Memorandum of Understanding on “Enhancing Innovation Ecosystems through Innovation Cooperation” under the framework of the India-US Trade Dialogue was signed between the two countries on November 14, 2023 in San Francisco.
- In June 2023, during the Prime Minister's visit to the US, a joint statement by the two heads of state announced the establishment of a framework for "Innovation Cooperation". The MoU was signed at an industry roundtable titled "Classification of Innovation Cooperation US-India Entrepreneurial Partnership" held in San Francisco.
- The event was jointly organized by the US-India Business Council (USIBC) and the Confederation of Indian Industry (CII). Supported by Nasscom, the National Association of Software and Services Companies, and Startup India, CEOs of major IT companies, executives of major capital firms, and others participated and discussed how to improve US-India technology cooperation.
- The MoU will strengthen the joint commitment to strengthen the industrial ecosystem in technology sectors, promote cooperation in critical and emerging technologies. It will boost economic activity, attract investment and increase employment.
- The Trade Dialogue is a ministry-level framework to facilitate regular discussions to deepen relations between the business community, facilitate trade and increase investment opportunities.
- The 5th India-US Trade Dialogue was held from March 8 to 10, 2023 during the visit of US Commerce Secretary Gina Raimondo to India. In the meeting, issues such as supply chain, climate and green technology cooperation, development of digital economy were discussed.
