Investment

U.S. Treasury International Capital Data for May

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WASHINGTON, July 17 – The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for May 2025.  The next release, which will report on data for June 2025, is scheduled for August 15, 2025.

The sum total in May of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a net TIC inflow of $311.1 billion.  Of this, net foreign private inflows were $333.2 billion, while net foreign official outflows were $22.1 billion.

Foreign residents increased their holdings of long-term U.S. securities in May; their net purchases were $318.5 billion.  Net purchases by private foreign investors were $287.5 billion, and net purchases by foreign official institutions were $31.1 billion.

U.S. residents increased their holdings of long-term foreign securities, with net purchases of $59.1 billion.

After including adjustments, such as estimated foreign portfolio acquisitions of U.S. stocks through stock swaps, overall net foreign sales of long-term securities are estimated to have been $259.4 billion in May.

Foreign residents increased their holdings of U.S. Treasury bills by $0.5 billion.  Foreign resident holdings of all dollar-denominated short-term U.S. securities and other custody liabilities increased by $10.3 billion.

Banks’ own net dollar-denominated liabilities to foreign residents increased by $41.4 billion.

Complete data are available on the Treasury website at https://home.treasury.gov

Record-Breaking U.S.-Africa Business Summit Yields $2.5 Billion in Deals and Commitments

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From June 22-25, more than 2,700 U.S. and African public and private sector leaders gathered for the 17th U.S.-Africa Business Summit, hosted by the Corporate Council on Africa and the President of Angola.  This year’s Summit marked a record turnout, including 12 African Heads of State.

The U.S. Delegation, led by Ambassador Troy Fitrell, Senior Bureau Official for African Affairs, included the senior-most officials advancing U.S. commercial engagement across Africa:

  • Massad Boulos, Senior Advisor for Africa 
  • Thomas Hardy, Acting Director, U.S. Trade and Development Agency
  • Constance Hamilton, Assistant U.S. Trade Representative for Africa
  • Connor Coleman, Head of Investments and Chief of Staff, U.S. International Development Finance Corporation
  • Tamara Maxwell, Senior Vice President for Small Business, Export-Import Bank of the United States  

The record turnout made clear that both U.S. and African leaders share a strong commitment to significantly expanding trade and investment.  The U.S. objective at the Summit was to secure key deals and commitments for U.S. companies and establish the conditions to boost U.S. exports and investment in Africa — advancing mutual prosperity in line with the Trump Administration’s Commercial Diplomacy Strategy for Africa.

Key Outcomes: $2.5 Billion in Deals and Commitments

During the Summit, more than $2.5 billion in new deals and commitments between U.S. and African partners were announced, reinforcing the United States’ prioritization of trade over aid in our approach to Africa – engaging Africans as peers and partners in investment-led growth.

Major Deals and Commitments for U.S. Companies: 

  • Amer-Con Corporation & Angolan Cargo and Logistics Certification Regulatory Agency   

A U.S. consortium led by Florida-based Amer-Con Corporation signed a Strategic Partnership Agreement with the Angolan Cargo and Logistics Certification Regulatory Agency to construct and operate 22 grain silo terminals along the Lobito Corridor. The project is backed by the U.S. Export-Import Bank and is expected to significantly enhance Angola’s food security and agri-logistics capacity. 

  • Cybastion & Angola Telecom 

U.S. technology firm Cybastion and Angola Telecom signed a $170 million investment deal to expand digital infrastructure and cybersecurity through Cybastion’s “Digital Fast Track” initiative, providing local training and modern infrastructure for Angola’s digital transformation. 

  • CEC Africa & AG&P 

CEC Africa Sierra Leone Ltd. signed a Memorandum of Understanding to develop West Africa’s first U.S.-sourced LNG terminal, in partnership with AG&P and backed by the U.S. International Development Finance Corporation. The terminal will power the 108MW Nant Power Project in Sierra Leone and enable affordable energy for industrial and household use in Sierra Leone. 

  • Ruzizi III Holding Power Company & Anzana Electric Group 

The Ruzizi III Holding Power Company signed an Invitation to Partner with U.S.-based Anzana Electric Group, paving the way for a 10% equity stake in a $760 million hydropower project spanning Rwanda and the DRC. The project will deliver reliable energy to 30 million people across the region and promote regional integration and stability. 

  • Ethiopia Investment Holdings and U.S. International Finance Partners  

Ethiopia Investment Holdings signed a Memorandum of Understanding with U.S. International Finance Partners to invest more than $200 million in the development of luxury hotels, branded residences, and related tourism infrastructure in Ethiopia. The agreement aligns with the development priorities of Ethiopian President Taye Atske Selassie, who witnessed the signing. 

  • Hydro-Link and the Government of Angola 

U.S. energy investor Hydro-Link signed an agreement with the Angolan Government to develop a $1.5 billion private transmission line connecting hydropower sites in Angola to critical mineral mines in the DRC. This 1,150-kilometer transmission corridor will enable the delivery of up to 1.2 gigawatts of reliable electricity from Angola’s Luaca plant and other hydroelectric facilities to the Kolwezi mining region in the DRC, supporting the region’s mining operations and energy needs.  

Secretary Lutnick Announces Speaker Lineup for 2025 SelectUSA Investment Summit

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Today, U.S. Secretary of Commerce Howard Lutnick announced the first wave of global business leaders, and U.S. Governors participating at the 2025 SelectUSA Investment Summit, scheduled for May 11-14 at the Gaylord National Resort and Convention Center in National Harbor, Maryland.

“President Trump’s America First Investment Policy is revitalizing our economy and making the United States of America the most attractive destination for foreign direct investment,” said Secretary Lutnick. “SelectUSA is an integral part of our Administration’s efforts to increase foreign investments across the country. We look forward to hosting the 2025 SelectUSA Investment Summit at the Gaylord Convention Center beginning on May 11th.”

Moreover, the United States was ranked today as the top destination for foreign direct investment for the 13th consecutive year, according to Kearney’s Global Business Policy Council’s 2025 Foreign Direct Investment (FDI) Confidence Index. The annual survey of global senior executives and investors found that the United States continues to maintain its lead ranking for 13 consecutive years thanks to the U.S. market’s technological innovation and constant economic growth and performance. For its part, SelectUSA has played an essential role in creating the environment that allows the United States to maintain the top position consistently.

Executive leadership from global businesses will participate as main stage speakers, including:

  • Ashley Magargee, Chief Executive Officer, Genentech
  • José Muñoz, President and CEO, Hyundai Motor Company

The Investment Summit is drawing robust state engagement, and several U.S. Governors will also participate, including:

  • Alaska Governor Mike Dunleavy
  • Illinois Governor JB Pritzker
  • Iowa Governor Kim Reynolds
  • Maryland Governor Wes Moore
  • Michigan Governor Gretchen Whitmer
  • New Jersey Governor Phil Murphy
  • North Carolina Governor Josh Stein
  • Oklahoma Governor Kevin Stitt
  • Puerto Rico Governor Jenniffer González-Colón
  • Virginia Governor Glenn Youngkin

The SelectUSA Investment Summit is a platform for new announcements by foreign investors detailing their expansion plans in the United States and economic development organizations (EDOs) spotlighting new investments in their local area. Last year’s SelectUSA Investment Summit brought together more than 5,000 participants, including EDOs representing all 56 U.S. states and territories and Washington, D.C., more than 2,500 business investors and delegates from over 90 international markets, and industry experts who provided insights and advice on how to successfully invest in the United States. The SelectUSA Investment Summit has directly helped generate more than $135 billion in new U.S. investment projects, supporting over 105,000 jobs across the United States and its territories.

A full list of confirmed speakers and the current agenda for the 2025 SelectUSA Investment Summit is available online at www.selectusasummit.us.

Secretary Raimondo and Minister Goyal Co-Chair 2024 U.S.-India CEO Forum

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Today, the United States hosted the 6thmeeting of the U.S.-India CEO Forum, which was co-chaired by U.S. Secretary of Commerce Gina Raimondo and Minister of Commerce and Industry of India Piyush Goyal. The U.S.-India CEO Forum is a platform that convenes leaders of the U.S. and Indian business communities to develop and provide joint recommendations to strengthen bilateral commercial ties and expand trade and investment between India and the United States.

During the meeting, U.S. and Indian government representatives and CEO Forum members reaffirmed their commitment to expanding bilateral commerce and trade, driving inclusive economic growth and innovation, and fostering a resilient bilateral partnership.

The Secretary and the Minister thanked Mr. James Taiclet, President and Chief Executive Officer, Lockheed Martin, and Mr. N. Chandrasekaran, Chairman, Tata Sons, for their leadership as Private Sector Co-Chairs from 2023–2024. They noted, with appreciation, the recommendations made by the Forum members over the past two years and their respective initiatives.

They also took stock of the Forum’s accomplishments, including the launch of the publicly accessible Network for Innovation and Harnessing Investments and Trade for Inclusive Growth between the United States and India (NIHIT) Platform to facilitate online knowledge sharing and networking among U.S. and Indian startups and small businesses. To date, NIHIT has organized four workshops to promote capacity building and skilling in cybersecurity, digital technologies, and AI, which have been attended by over 1,000 startups, small businesses, and entrepreneurs.

CEO Forum members, which represent a total of 22 U.S. companies and 25 Indian companies, have also made a series of recent announcements demonstrating their commitment to advancing U.S.-India commercial engagement:

  • Lockheed Martin and Tata Advanced Systems Limited’s recent signing of a teaming agreement on the C-130J Super Hercules aircraft. The agreement creates a framework to (1) establish a new maintenance, repair, and overhaul facility in India to support the Indian Air Force’s (IAF) fleet and other global fleets of C-130J Super Hercules aircraft; and (2) expand the manufacturing and assembly of these aircraft in India to support the IAF’s Medium Transport Aircraft program.
  • Kyndryl Inc.’s collaboration with Indian microfinancier CreditAccess (CA) Grameen to deliver advanced technology services needed to digitize and transform CA Grameen’s microloan processing business, enabling more than 2 million women borrowers to have easy and fast access to credit in rural India.
  • Amneal Pharmaceutical’s announcement this week of the launch of medicines in several new therapeutic areas and the groundbreaking of a state-of-the-art peptide manufacturing facility in Ahmedabad, India.
  • Honeywell International’s delivery and commissioning in September of a 1.4 MWh Battery Energy Storage System (BESS) for the Solar Energy Corporation of India’s project on the Lakshadweep Islands, which is India’s first on-grid solar initiative using BESS to manage the supply of renewable power.
  • Pfizer’s launch in September of its first commercial analytics center in India, called the “Analytics Gateway,” which will harness AI and best-in-class data science to improve Pfizer’s analytics of international markets and help it deliver more of its medicines to patients in need in India and around the world.
  • Viasat’s MOU on Space Collaboration, signed in September with the Government of India, to set a roadmap for collaboration on the development of next-generation space technologies between the two parties to deliver high-speed and high-capacity internet services to users in India and internationally.

Otis Worldwide’s groundbreaking in August of an expansion to its manufacturing facility in Bengaluru, India. The expansion will double the company’s current escalator production capacity and help it further support metro projects and other residential, commercial and infrastructure development throughout India through the sale of elevators and escalators.

Biden-Harris Administration Launches Next Phase for Over $5 Billion in CHIPS R&D Investments

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WASHINGTON — Feb 9, Leaders from the Departments of Commerce, Defense, and Energy; and the National Science Foundation; and the Chief Executive Officer of the National Center for the Advancement of Semiconductor Technology (Natcast) gathered at the White House to announce over $5 billion in expected investment in the CHIPS R&D program, including the National Semiconductor Technology Center (NSTC), and formally establish a public-private consortium for the NSTC. The announcement included hundreds of millions of dollars of expected investment in the semiconductor workforce; along with specific funding announcements in packaging, metrology, and a CHIPS Manufacturing USA Institute. This announcement is a reflection of President Biden’s commitment to American innovation and research and development.

The NSTC is the centerpiece of CHIPS for America’s $11 billion research and development (R&D) program. A once in-a-generation opportunity, the NSTC will bring together government, industry, labor, customers, suppliers, educational institutions, entrepreneurs, and investors to accelerate the pace of new innovations from idea to marketplace. As a public-private consortium, the NSTC will lower the barriers to participation in semiconductor R&D to create a more vibrant national ecosystem and to directly address fundamental needs for a skilled, diverse semiconductor workforce.

The announcements and consortium agreement signing, leaders from across the semiconductor community participated in roundtables led by White House Office of Science and Technology Policy Director Arati Prabhakar, National Science Foundation Director Sethuraman Panchanathan, and Under Secretary of Commerce for Standards and Technology and National Institute of Standards and Technology (NIST) Director Laurie E. Locascio, along with senior government leaders from the White House; Departments of Commerce, Defense, Energy, Labor, Education; and the National Science Foundation. The roundtables centered on the R&D opportunities and need for industry participation, along with how CHIPS for America will help increase access to talent for employers and access to opportunity for Americans who want to work in the semiconductor industry.

“CHIPS research and development programs are at the core of our greatest innovations and help to find the solutions for the semiconductor industry’s most pressing challenges. With strategic investments in R&D complementing targeted industry incentives, CHIPS for America will not only bring semiconductor manufacturing back to the U.S. – it will keep it here for good. As we create opportunities for good-paying jobs, the workforce initiatives, such as the NSTC Workforce Center of Excellence, will help ensure a diverse, skilled, and prepared workforce across the nation,” said Secretary of Commerce Gina Raimondo.

“Because of President Biden’s Investing in America agenda, semiconductor manufacturing is coming back in America. Now it’s time to make sure we win the future, too. The NSTC is a place where our CHIPS R&D investments will deliver big advances—advances that will open opportunities for the American semiconductor industry, create good-paying jobs, and strengthen our supply chains,” said White House Office of Science and Technology Director Arati Prabhakar.

President Biden’s CHIPS and Science Act appropriated $39 billion to the Department of Commerce in funding to onshore semiconductor manufacturing through an incentives program. The appropriation also included $11 billion to advance U.S. leadership in semiconductor R&D through four programs: the NSTC, the National Advanced Packing Manufacturing Program, the CHIPS Metrology Program and the CHIPS Manufacturing USA Institute.

“For the United States to lead the world in semiconductors, all parts of the R&D enterprise must work hand in hand with manufacturers to bolster each other’s successes and move the industry ever forward,” said Under Secretary of Commerce for Standards and Technology and National Institute of Standards and Technology (NIST) Director Laurie E. Locascio. “With the NSTC at the epicenter, CHIPS R&D programs are working to revolutionize the U.S. semiconductor ecosystem and enable rapid adoption of innovations to enhance domestic competitiveness for decades to come.”

With the official launch of the NSTC consortium, there are opportunities to express interest in joining the NSTC. Further information about this may be found on the NSTC website.

“Our first priority is to build a community whose members will help define the strategy and investments core to the semiconductor R&D ecosystem,” said Deirdre Hanford, CEO of Natcast, the nonprofit operator of the NSTC. “The NSTC represents a once-in-a-generation opportunity to establish a new, long-lasting institution that can serve as an engine of innovation to benefit our nation’s national and economic security for decades to come.”

The NSTC is one of four CHIPS for America research and development programs. Together, these programs are establishing the innovation ecosystem needed to ensure that American semiconductor fabrication facilities, including those funded by the CHIPS for America Act, produce the world’s most sophisticated and advanced technologies. CHIPS for America’s Jay Lewis, NSTC Program Director, and Deirdre Hanford, CEO of Natcast, will provide an update on early NSTC activities in March 2024.

The 10th SelectUSA Investment Summit, Taking Place Next June in National Harbor, MD

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U.S. Secretary of Commerce Gina Raimondo announced today that registration is now open for SelectUSA’s 10thInvestment Summit to be held June 23 – 26, 2024, at the Gaylord National Resort & Convention Center in National Harbor, Maryland.

The SelectUSA Investment Summit is the highest-profile event dedicated to promoting foreign direct investment (FDI) in the United States, with a focus on the U.S. investment environment, industry trends, and creating business opportunities. Drawing more than 4,900 participants in 2023, the Investment Summit facilitates connections between investors, economic developers, and industry experts to seek opportunities available through U.S. investment. Attendees and speakers include senior government officials, C-Suite business executives, and industry leaders.

“This year we are excited to celebrate the 10th SelectUSA Investment Summit, marking a decade of work by the Commerce Department to provide a platform that encourages foreign direct investment and economic development across the country,” said U.S. Secretary of Commerce Gina Raimondo. “For 11 years now, the United States has ranked as the top destination for global companies to invest and the SelectUSA Investment Summit has been critical to this success. As we implement President Biden’s Investing in America Agenda, the Investment Summit is a key way we can continue to bolster foreign direct investment and new international business partnerships in the U.S.”

The 2024 SelectUSA Investment Summit will offer exciting opportunities for all attendees with programming that will include plenary and academy sessions on key topics in the Biden Administration’s Investing in America agenda, including advanced batteries, Internet for All and U.S. infrastructure, clean energy, critical minerals, healthcare and pharmaceuticals, and the CHIPS Act.  

Innovation and entrepreneurship will once again be at the forefront of the Investment Summit this year. The SelectUSA Tech program, which connects early-stage and startup technology companies to prospects for advancement in the U.S. market, will allow participants to exhibit their products and services at branded booths with the opportunity to upload a product and service demo video, apply to pitch in front of a panel of judges, participate in workshops and Investment Academy sessions, and other engagement opportunities.

The Select Global Women in Tech (SGWIT) Mentorship Network, geared towards international women founders, entrepreneurs, and executives in the technology sector, will see its fourth iteration of programming at the SelectUSA Investment Summit. SGWIT participants will be matched in sessions with an experienced mentor to help them develop a market entry strategy, tailor their product and promotion for success in the U.S. market, gain access to an exclusive networking platform, and hear from successful global founders.


About the SelectUSA Investment Summit
The SelectUSA Investment Summit brings together more than 4,900 participants, including EDO representation from over 50 U.S. states and territories, more than 2,300 business investors representing over 80 international markets, and industry experts providing insight and advice on how to successfully invest in the United States.

The SelectUSA Investment Summit has directly helped generate more than $98 billion in new U.S. investment projects, supporting over 81,000 jobs across the United States and its territories.


The U.S. Department of Commerce-led SelectUSA program promotes and facilitates business investment into the United States by coordinating related federal government agencies to serve as a single point of contact for investor companies. SelectUSA assists U.S. economic development organizations to compete globally for investment by providing information, a platform for international marketing, and high-level advocacy. SelectUSA also helps business investors find the information they need to make decisions, connect to the right people at the local level, navigate the federal regulatory system, and find solutions to issues related to the federal government.

APEC CEO Summit USA 2023 To Convene World Leaders and Business Executives to Discuss Creating Economic Opportunity

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The APEC CEO Summit USA 2023 will feature 30+ speakers from the public and private sectors, representing various industries, emerging voices, entrepreneurs, philanthropists, and world leaders from large and small economies. Speakers include senior executives from General Motors, Organon, Visa, Amazon, Boeing, Citi, Google, ExxonMobil, FedEx, Johnson & Johnson, Mastercard, Merck, Meta, Microsoft, Moody’s, Qualcomm, Uber, and UPS.

The United States will host the Asia-Pacific Economic Cooperation (APEC) CEO Summit convening more than 1,000 business executives and welcoming key world leaders from across the Asia-Pacific at the Moscone Center in San Francisco from November 15-16, 2023.

“As hosts of this year’s APEC CEO Summit, the U.S. will shape the agenda to prioritize the region’s most critical issues and work toward solutions to create a more inclusive and resilient Asia-Pacific,” said Monica Hardy Whaley, President of the National Center for APEC (NCAPEC), which is organizing the APEC CEO Summit USA 2023. “The world faces many challenges, and the business community is part of the solution. We have the leadership, ideas, and resources to help address key issues ranging from climate change and equitable growth, technology and digitization, to global health and supply chains.”

Under the theme “Creating Economic Opportunity” the APEC CEO Summit USA 2023 will focus on four driving topic areas:

  • Sustainability: Actionable climate-conscious solutions, and circular economy, biodiversity and resource efficiency
  • Inclusion: Stronger voices for small businesses, workers, and underrepresented communities
  • Resilience: Disaster readiness, strengthening supply chains, and preparing APEC economies for future challenges
  • Innovation: Technology, global healthcare, new ideas, and digital transformation across the region

Further details on the event and program agenda, including additional speakers, will be announced in the coming months.

Alongside APEC Leaders’ Week meetings and the Sustainable Future Forum taking place on the week of November 12-18, the APEC CEO Summit will reaffirm the importance of public-private dialogue in promoting global economic development.

APEC is the premier forum for public and private sector engagement on trade and economic opportunity in the fastest growing region in the world. The forum brings together 21 members, and offers a pathway to participation for large and small economies. This structure enables the APEC CEO Summit to meet the moment and create equitable opportunity for the wide range of workers, businesses, communities, and families throughout the region.

U.S. Remains Top Destination for Foreign Business Investment for 10th Consecutive Year

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WASHINGTON—The United States has been ranked as the top destination for foreign direct investment for the tenth consecutive year according to Kearney’s Global Business Policy Council’s 2022 Foreign Direct Investment (FDI) Confidence Index.

The annual survey of global senior executives and investors found that the Unites States retained its position for a decade due to the innovation of the U.S. economy as the key indicator to driving growth through FDI long term.

Foreign investors look for established innovative markets that are financially strong and safe while also having strong governance and infrastructure. The ranking is testament to the attractiveness of the United States to foreign companies despite the challenges posed by the COVID-19 pandemic. 

“This ranking is cause for celebration and it reflects what so many in the global business community already know: the United States is unmatched not only in its economic power, but also in its appeal for businesses development through a strong culture of innovation and employment of a world-class productive workforce,” said Secretary Gina M. Raimondo. “The Department of Commerce is committed to creating the conditions for economic growth and opportunity for all Americans, including through foreign direct investment which creates jobs and contributes to economic development across the United States.”

“The United States retains the top position on Kearney’s 2022 FDI Confidence Index for the tenth consecutive year,” said Paul Laudicina, founder of the FDI Confidence Index. “Our findings suggest we are likely to see a continued shift in FDI to developed markets, with the U.S. being chief among them. Investors seek to capitalize on destinations marked by regulatory transparency and stability on the one hand and technological innovation on the other. Robust U.S. economic performance and bi-partisan action on the U.S. infrastructure initiative also obviously have helped restore confidence in the country’s longer term investment attractiveness, even as global geopolitical challenges persist.”

The United States rank in the FDI Confidence Index is supported by the work of the Department’s SelectUSA program that focuses on facilitating job-creating business investment into the United States and raises awareness of the critical role that economic development plays in the U.S. economy. Since its inception, SelectUSA has facilitated more than $105 billion in investment, creating and/or retaining over 138,000 U.S. jobs.  

As part of the national effort to attract foreign direct investment, Secretary Raimondo will host the 2022 SelectUSA Investment Summit June 26-29 at the Gaylord National Resort & Convention Center in National Harbor, Maryland. The annual investment summit is the highest-profile event in the United States dedicated to promoting foreign direct investment and provides prospects for investors from global markets and economic development organizations across the nation to interact and create investment opportunities.

USTDA Announces New Commitments at 2021 Indo-Pacific Business Forum

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Arlington, VA – Today, the U.S. Trade and Development Agency announced a series of new commitments and initiatives at the Indo-Pacific Business Forum (IPBF) that will deepen economic ties between the United States and the Indo-Pacific region.

“For nearly 30 years, USTDA has been the partner of choice for the Indo-Pacific region’s infrastructure development, especially in the areas that are the focus of this year’s Indo-Pacific Business Forum, including climate resilience, energy, digital economy and healthcare infrastructure,” said Ambassador Vinai Thummalapally (ret.), USTDA’s Acting Director. “Hosting the Forum highlights our commitment to building lasting partnerships with this vital part of the world.”

During the IPBF, USTDA announced new funding commitments, including a feasibility study to develop four utility-scale solar generation plants with the Philippines’ Rural Electrification Finance Corporation and technical assistance to help Vietnam’s Ecotek Corporation transform its Ecopark Township into a cutting-edge smart and sustainable city.

In addition to these commitments, USTDA announced a call for aviation proposals to support new aviation infrastructure in Southeast Asia and the Pacific Islands. Interested U.S. firms as well as Southeast Asian and Pacific Island aviation stakeholders are encouraged to submit initial proposals for feasibility studies, technical assistance and pilot projects to develop airport, airspace, airline and other aviation infrastructure to USTDA by January 10, 2022.

The USTDA-sponsored IPBF is co-hosted by the U.S. and Indian governments, in collaboration with the Confederation of Indian Industry, the Federation of Indian Chambers of Commerce and Industry, U.S. Chamber of Commerce, U.S. India Business Council, U.S. India Strategic Partnership Forum, AMCHAM India, and the U.S.-ASEAN Business Council.

Readout of Secretary Raimondo’s Call With Indian Ambassador Taranjit Sandhu

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August 23, Secretary Raimondo spoke with the Indian Ambassador to the United States Taranjit Singh Sandhu to discuss the U.S.-India commercial relationship. During their meeting, Secretary Raimondo and Ambassador Sandhu underscored the importance of this commercial relationship and their commitment to growing business ties in support of the broader strategic relationship. They discussed scheduling the U.S.-India CEO Forum and U.S.-India Commercial Dialogue and the rescheduling of the U.S.-India High Technology Cooperation Group meeting. They also discussed U.S.-India technology collaboration and improving digital economy policies to strengthen that collaboration.