Trade Policy Forum: India and US will host a Trade Policy Forum meeting soon

India and the United States will “very soon” host the next Trade Policy Forum (TPF) ministerial meeting in America to discuss ways to promote trade and investment between the countries.

India and the United States hosted the 12th TPF in New Delhi on November 23 last year.

The forum is an interagency collaboration led by the United States Trade Representative (USTR).

It is the main commercial dialogue between the two countries. It has five discussion groups: Agriculture, Investment, Innovation and Creativity (intellectual property rights), Services and Tariff and non-tariff barriers.

“We will have the next Trade Policy Forum very soon in the US and in the TPF, we hope to add other deliverables and new areas of engagement under discussion, which both teams have been tasked to begin to engage with each other,” Goyal tells reporters here.

The Minister held a bilateral meeting here with USTR Katherine Tai and US Secretary of Commerce Gina Raimondo.

Asked about the restoration of trade benefits under the US GSP (Generalized System of Preferences) programme, the Indian minister said: “I don’t think that’s a problem. None of our exports have been affected. by the SPG. So I think it’s not a problem; which we have even discussed lately, including today”.

Speaking of other meetings, the minister said he discussed ways to increase trade and economic relations with his counterparts in Vietnam and Japan.

“Areas of mutual interest were discussed, particularly with a view to increasing our exports to these two countries,” Goyal said, adding that there is huge potential, especially with Japan, to further develop trade. bilateral.


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