New Delhi, August 20Deputy Secretary of the US Treasury Wally Adeyemo will travel to India for meetings and events in Mumbai on August 24 and 25, and New Delhi on August 26, said a US embassy statement.The focus of his meetings here will be to discuss the contours of an ambitious 13-nation economic partnership — the Indo-Pacific Economic Framework — that India joined as a founding member in May.Discussion on OilDeputy Secretary of the US Treasury Wally Adeyemo will attend a meeting in Mumbai on August 24 and 25, and New Delhi on August 26One of the areas of discussion will be oil in the backdrop of India’s increasing reliance on Russian oil and EAM S Jaishankar stating that the government owes it to the people to source the cheapest oil in the marketPM Modi had participated in its launch by US President Joe Biden in Tokyo, a day ahead of an in-person Quad summit.Besides the four Quad members, there was virtual participation from leaders of other nine partner countries — Indonesia, Malaysia, South Korea, Thailand, Vietnam, Singapore, the Philippines, Brunei and New Zealand.Another area of discussions both in Mumbai and Delhi will be oil in the backdrop of India’s increasing reliance on Russian oil and External Affairs Minister S Jaishankar stating that the government owes it to the people to source the cheapest oil in the market. He had also pointed out that US policies had squeezed out India’s two sources ofoil — Iran and Venezuela — out of the market.”Throughout his trip, Adeyemo will reaffirm and strengthen the US-India relationship and our shared commitment to a secure and prosperous Indo-Pacific, including by underscoring our two countries’ deep economic, security, and cultural ties,” said the US embassy statement.While in India, he will focus on the US-India bilateral economic relationship. He will highlight the investment and trade flows between the two countries and discuss ways to deepen them, including building more resilient supply chains. At meetings with counterparts, Adeyemo will also discuss energy security, addressing food insecurity globally, and combatting illicit financial flows.In Mumbai on August 24 and 25, he will meet RBI officials and executives from financial services and energy sectors.
