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India, US Trade Policy Forum to discuss trade, investments

A high-level US delegation to attend 10th India-US Trade Policy Forum meet on Oct 20

Policy Pulse
Publish Date: Oct 18 2016 4:48PM | Updated Date: Oct 19 2016 4:45PM

India, US Trade Policy Forum to discuss trade, investments

India and the US will review the progress achieved on the issues related to agriculture, trade, promotion of investment in manufacturing and IPR in a two-day meeting starting from Wednesday. 

 

A high-level delegation led by US Trade Representative Michael Froman is attending the 10th India-US Trade Policy Forum (TPF) meeting scheduled on 19-20 October here. Commerce and Industry Minister Nirmala Sitharaman on the sidelines of a function here said that visa related issues would also figure in the meeting. 

 

The TPF meeting has focussed on increasing bilateral interaction and momentum on resolving trade concerns. As part of the annual work plan jointly agreed between India and the US, working groups on agriculture, trade in services and goods, promotion of investment in manufacturing and intellectual property have been meeting. 

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The commerce ministry in a statement said that under TPF, there would be technical level discussions today. It will be be followed by Secretary and Deputy USTR level discussions tomorrow. Ministerial level meeting is scheduled for October 20, which will be led by Froman and Sitharaman. 

 

"Both the sides would be reviewing the progress achieved on the issues agreed upon in work plans for 2016, under all the four work streams and would be working out the way forward for 2017," the commerce ministry said. The bilateral trade between the countries stood at USD 109 billion in 2015-16. 

 

It also said that the bilateral cooperation under TPF has resulted in resolving several market access issues and cooperation in services, manufacturing and IPR.