Fri, Oct 28, 2016 | updated 08:02 AM IST

10th India-United States Trade Policy Forum to focus on bilateral commercial ties

Updated: Oct 18, 2016 13:59 IST

New Delhi [India], Oct. 18 (ANI): A high level delegation led by United States Trade representative Michael Froman will attend the 10th India-United States Trade Policy Forum (TPF) meetings scheduled from October 19 to 20 at the national capital.

The Trade Policy Forum meeting is focussed on increased bilateral interaction and momentum on resolving trade concerns under the leadership of Prime Minister Modi and US President Obama.

As part of the annual work plan jointly agreed between India and US working groups on agriculture, trade in services and goods, promotion of investment in manufacturing and intellectual property have been meeting with an intention of understanding the best practices, facilitating investment and raising concerns relating to the trade.

The previous TPF was held in October, 2015 at Washington in US.

Today, under TPF, there would be technical level discussions between the two sides on issues concerning agriculture, services and goods, IPR and manufacturing.

Technical discussions would be followed by Secretary and Dy. USTR level discussions on 19th October, 2016. Ministerial Level Meeting is scheduled for 20th October, 2016 forenoon would be led by United States Trade Representative Michael Froman and Minister of Commerce and Industry Nirmala 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 bilateral commercial ties between the United States and India are growing stronger as reflected by increased bilateral trade in Goods and Services of $109 billion and highest ever FDI inflows in 2015-16.

The bilateral cooperation under TPF has resulted in resolving several market access issues and cooperation in services, manufacturing and IPR.

India is looking forward to maintain the momentum further in the current TPF. (ANI)