India looks to strengthen ties with US with greater vigour: Nirmala Sitharaman

India and the US will look forward to strengthening bilateral ties with greater vigour Finance Minister Nirmala Sitharaman said here on FridayAddressing the media jointly with US Treasury Secretary Janet Yellen at the start of the Ninth IndoUS Financial Partnership Sitharaman said that bilateral talks will impart greater vigour to the longstanding relationship with the USIndia Sitharaman said Deeply values its relationship with the United States as a trusted partner We share a traditionally strong bilateral relationship underpinned with shared values convergence of interests on wide ranging issues and vibrant peopletopeople contactThe substantial and multifaceted cooperation through the economic and Financial Partnership Forum remains a key cornerstone of the bilateral engagements the finance minister addedOur meeting will lend greater vigour to our economic relationship strengthen businesstobusiness links and facilitate coordinated policy stance to address the pressing global economic challenges she saidAlso Read Attack on Owaisi in UP SC quashes HC order granting bail to two accusedThe 9th meeting of the Forum is being held against the backdrop of India preparing to assume the G20 presidencyWe will continue to rely on close cooperation with the US to address the global economic challenges in a more coordinated manner and in strengthening multilateralism Sitharaman saidUS Treasury Secretary Yellen in her remarks said that the IndiaUS collaboration would not only promote economic growth and stability but it can also be instrumental to supporting economic prosperity across the IndoPacific regionLooking ahead were also eager to discuss our shared priorities as India assumes the presidency of the G20 in the coming weeksWe also hope that the mutual understanding we build will help us work together to advance our shared goals including mitigating the existential risk of climate change evolving multilateral institutions and addressing the debt burden faced by many developing countries Yellen saidShe further said that the US is committed to strengthening the bilateral economic relationship with India and deepening the level of cooperation and collaborationAlso Read Ending corruption in MCD among AAPs 10 guarantees for municipal pollsYellen said that issues concerning climate change and increased debt burden of the developing nations will be discussed at the G20 which is going to be presided over by IndiaG20 is a grouping of the developed and developing nations and India will be assuming its presidency on December 1Prime Minister Narendra Modi will visit the Indonesian city of Bali from November 14 to 16 to attend the G20 summit the ministry of external affairs announced on ThursdayOn the sidelines of the summit Modi will hold bilateral meetings with some of his counterpartsThe summit is likely to be attended by US President Joe Biden British Prime Minister Rishi Sunak French President Emmanuel Macron and German Chancellor Olaf Scholz among othersAt the summit the world leaders are expected to deliberate on the Ukraine conflict its implications on food and energy security and other pressing global issues such as climate changeModi is attending the summit at the invitation of Indonesian President Joko Widodo Indonesia is the current chair of G20This story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever