India, US trade officials to start work on policy forum meet

Tags: India, Trade, US, Economy
Trade officials of India and the US are expected to meet here soon to prepare the groundwork for the ministerial level meeting of Trade Policy Forum (TPF).

"Dy. USTR expected to travel to India to prepare groundwork for upcoming Ministerial Trade Policy Forum meeting," Commerce and Industry Minister Nirmala Sitharaman has said in her tweet.

Deputy Unites States Trade Representative (USTR) Wendy Cutler will meet Commerce Secretary Rajeev Kher.

The US-India TPF is an inter-agency collaboration led by the USTR. It is the principal trade dialogue between the countries.

It has five focus groups: Agriculture, Investment, Innovation and Creativity (intellectual property rights), Services, and Tariff and Non-Tariff Barriers.

USTR Michael Froman yesterday called up Sitharaman and the two talked about ways to further strengthen the relations on economic front.

The USTR talked about the TPF, which has not met for quite some time.

In recent months, the US has increased its attack against India's intellectual property regime and safety issues related to domestic pharmaceutical sector.

American pharma sector had alleged that Indian IPR laws discriminate against US companies and violate global norms.

The USTR in its Special 301 report had kept India out of the Priority list but has said that they would do an 'out-of-cycle' review of India's IPR regime.

At present, the bilateral is around $100 billion. The US-India Business Council (USIBC) had said bilateral trade between the countries could touch $500-billion mark over the next one decade.

India has received about $12 billion in FDI from the US companies during April 2000 to March 2014.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Lower listings rate is proof that the Indian market is maturing

    The bullishness on Dalal Street notwithstanding, the pace at which new companies are being listed on Indian stock exchanges is declining.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Kumar Jain

Building great cities (and nations)

Fifteen to twenty years’ span is the time when humans ...

Rajgopal Nidamboor

The essence of amplified action

It is something that ‘separates’ us from other living creatures. ...

Shona Adhikari

All roads lead to Delhi, as it gears up for art fair

With the seventh edition of India Art Fair (IAF) coming ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture