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13th Ministerial-Level Meeting Of India –US Trade Policy Forum

13th Ministerial-Level Meeting Of India –US Trade Policy Forum:

The Union Minister of Commerce and Industry of India and the US Trade Representative Ambassador co-chaired the 13th Ministerial-level meeting of India – US Trade Policy Forum (TPF) in Washington D.C.

  • The India-US TPF aims to activate its working groups in the fields of agriculture, non-agriculture goods, services, investment, and intellectual property to meet frequently and address issues of mutual concern in a mutually beneficial manner.
  • The idea is to deliver tangible benefits to both countries by resolving outstanding market access issues.

Highlights of the Meeting:

  • The US welcomed India’s participation in the Indo-Pacific Economic Framework for Prosperity (IPEF).
  • Both the countries have like-minded views about the efficiency of IPEF for continued growth, peace, and prosperity in the Indo-Pacific region.
  • The Ministers welcomed the finalization of the Turtle Excluder Device (TED) design with the technical support of the National Oceanic and Atmospheric Administration (NOAA).
  • The TED will help in minimizing the impact of fishing on sea-turtle populations.
  • A new TPF Working Group on Resilient Trade was launched to help the officials deepen bilateral dialogue on a range of issues.