India-US Trade Policy Forum looks at increasing trade momentum

An official statement said, The India-United States trade policy Forum is meeting here on Tuesday, to discuss ways in which to increase the momentum of trade between the 2 sides and resolve concerns regarding it.

The Commerce Ministry said in a statement, A high level delegation LED by (USTR) United States of America Trade Representative michael Froman is attending the tenth India-United States TPF meetings scheduled on October 19-20 at New Delhi, (TPF) The trade policy Forum meeting has focussed on increased bilateral interaction and momentum on resolving trade issues.

As a part of the annual work plan jointly agreed between Bharat and United States of America working teams on agriculture, trade in services and goods, promotion of investment in manufacturing and property rights (IPR) are meeting with an intention of understanding the best practices, facilitating investment and raising concerns regarding the trade.

The ninth TPF was held in October, 2015 at Washington.

There would be technical level discussions on Tuesday between the 2 sides on problems regarding agriculture, services and goods, IPR and manufacturing while technical discussions would be followed by secretary and deputy USTR level discussions on Wednesday, the statement said.

Ministerial level meeting is scheduled for October twenty morning which can be LED by Commerce and industry Minister Nirmala Sitharaman on the Indian aspect and Froman from the United States of America aspect, it added.

Both the sides would be reviewing the progress achieved on the problems agreed upon in work plans for 2016, under all the four work streams and would be working out the way forward for 2017.

“The bilateral cooperation under TPF has resulted in resolution many market access problems and cooperation in services, manufacturing and IPR. Bharat is trying forward to take care of the momentum further in the current TPF,” the statement added.