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He will also hold bilateral meetings with the US Secretary of Commerce Gina Raimondo, trade negotiation representatives and ministers of other IPEF participating countries on the sidelines of the bloc’s Ministerial Meeting.
Source: https://www.centralchronicle.com/piyush-goyal-on-four-day-us-trip-from-nov-13/
The Biden administration hopes to use IPEF to shore up its economic leadership in the region without the political baggage of joining a free-trade agreement like the 11-country Trans-Pacific Partnership (TPP).
Source: https://thediplomat.com/2023/11/the-apec-summit-is-happening-in-san-francisco-what-is-apec-anyway/