India-US 5th Commercial Dialogue meeting held in New Delhi.
The fifth India-US commercial dialogue meeting was held in New Delhi on 10 March 2023.
During the meeting, Union Commerce and Industry Minister Piyush Goyal and US Commerce Secretary Gina Raimondo acknowledged that bilateral goods and services trade has nearly doubled since 2014, surpassing US$191 billion recorded in 2022.
Both sides announced the launch of a new working group on talent, innovation and inclusive growth under the Commercial Dialogue. It will take forward cooperation on start-ups, SMEs, skill development and entrepreneurship, including digital and emerging technologies.
An MoU was signed between the two countries on establishing a semiconductor supply chain and innovation partnership under the framework of the Indo-US Commercial Dialogue.