In a letter addressed to US Treasury Secretary Janet Yellen, they highlighted the city's growing role as a financial hub for the China (PRC), Iran, Russia, and North Korea nations under heavy international sanctions
"Union Finance Minister Smt. @nsitharaman had a Telecon with US Treasury Secretary Ms. Janet Yellen @SecYellen, today. The two leaders held cordial discussions on #InternationalTaxation," read a post on the official X handle of the Finance Ministry.
During the meeting, Yellen told Chinese officials that their industrial overcapacity, especially in green energy sectors, threatens American production of electric vehicles and solar panel parts.
The meeting centred on G20 priorities and explored avenues for enhancing bilateral cooperation between the two democratic nations to tackle pressing global economic and financial challenges.
Yellen said, “G20 has been effective, especially under India’s leadership. Our goals for the G20 have coincided with those of India. We have tackled very important challenges and we have had considerable success in changing way the entire multilateral development system.&rdquo
In order to fast-track its energy transition, the United States (US) is working with India on an investment platform to deliver a lower cost of capital and increased private investment, US Treasury Secretary, Janet Yellen said on Monday.
US Treasury Secretary Janet Yellen on Monday said that Washington appreciates India's leadership during its G20 Presidency and appreciated New Delhi's demonstrated leadership on debt issues.
Addressing a press conference after meeting with US Treasury Secretary, Janet Yellen the Finance Minister Nirmala Sitharaman said, "I look forward to furthering our bilateral interests through development cooperation and new investment opportunities through alternate investment platforms
“Friendshoring is an important foundation of our approach to increasing resilience of our supply chains, and we see India as an indispensable partner in that and I hope to use this trip to deepen what is already a significant relationship with respect to friendshoring that the US an
The looming restrictions were discussed during US Treasury Secretary Janet L Yellen's meetings with senior Chinese officials during her recent visit to China.
US Treasury Secretary Janet L Yellen concluded her Beijing visit with no announcement of developments or agreements for improving the ongoing rifts between the two countries, The New York Times reported.