6th India-US Commercial Dialogue in Washington; MoU on critical minerals supply chains
On 3 October 2024, in Washington, D.C., USA, Piyush Goyal and US Commerce Secretary Gina Raimondo co-chaired the 6th India-US Commercial Dialogue and signed an MoU to expand and diversify critical minerals supply chains.
Summary
On 3 October 2024, at the US Department of Commerce in Washington, D.C., USA, Union Commerce and Industry Minister Piyush Goyal and US Secretary of Commerce Gina Raimondo co-chaired the 6th ministerial meeting of the India-US Commercial Dialogue; the 5th had been held in March 2023 in New Delhi. The two sides signed an MoU to 'Expand and Diversify Critical Minerals Supply Chains', covering exploration, extraction, processing and refining, recycling and recovery, and launched 'INDUS Innovation' under the Innovation Handshake agenda to accelerate innovation in energy security, technology and sustainability. Goyal also held bilateral talks with US Trade Representative Katherine Tai.
Key facts
- Date / place
- 3 Oct 2024, US Department of Commerce, Washington, D.C.
- Meeting
- 6th India-US Commercial Dialogue (5th: Mar 2023, New Delhi)
- Co-chairs
- Piyush Goyal and Gina Raimondo
- MoU
- Expand and Diversify Critical Minerals Supply Chains
- New effort
- INDUS Innovation (Innovation Handshake)
- Also met
- USTR Katherine Tai
Practice MCQs 4 questions
Which edition of the India-US Commercial Dialogue was held in Washington, D.C. on 3 October 2024?
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Correct answer: D — 6th
US Department of Commerce (3 Oct 2024) and PIB: Goyal and Raimondo convened the 6th ministerial-level meeting of the U.S.-India Commercial Dialogue.
Who co-chaired the 6th India-US Commercial Dialogue with Piyush Goyal on 3 October 2024?
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Correct answer: B — Gina Raimondo
PIB and US Department of Commerce: the dialogue was jointly chaired by Piyush Goyal and US Secretary of Commerce Gina Raimondo. Goyal held a separate bilateral meeting with USTR Katherine Tai.
India and the US signed an MoU at the 6th Commercial Dialogue on 3 October 2024 in which area?
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Correct answer: A — Expanding and diversifying critical minerals supply chains
US Department of Commerce (3 Oct 2024): today they signed a new MOU to Expand and Diversify Critical Minerals Supply Chains. The semiconductor MOU was an earlier agreement reviewed at the meeting.
Consider the following about the 6th India-US Commercial Dialogue held on 3 October 2024: 1. 'INDUS Innovation' was launched under the Innovation Handshake agenda. 2. The previous (5th) ministerial meeting was held in March 2023 in Washington, D.C. Which of the statements given above is/are correct?
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Correct answer: A — 1 only
Statement 1 is correct: the two sides launched INDUS Innovation under the Innovation Handshake agenda. Statement 2 is incorrect: the US Department of Commerce says the 5th ministerial meeting took place in March 2023 in New Delhi.