INDIA, U.S. AGREE TO RESOLVE KEY BILATERAL TRADE ISSUES

  • India and the United States have agreed to work constructively to resolve key outstanding bilateral trade issues and to take a comprehensive look at ways to expand the trade relationship, the Biden administration has said.
  • United States Trade Representative discussed the important trade and investment relationship between the two countries during her maiden phone call with her Indian counterpart Commerce and Industry Minister.

Shared objectives:

  • They committed to strengthening cooperation on shared objectives and to revitalise engagement through the US-India Trade Policy Forum.
  • They also agreed to work constructively to resolve key outstanding bilateral trade issues and to take a comprehensive look at ways to expand the trade relationship.
  • US stressed the critical importance of cooperation on a broad set of issues, including digital trade, intellectual property, agriculture, labour, and climate and environment.
  • US and India agreed to hold the next Ministerial-level meeting of the Trade Policy Forum during 2021.

SOURCE: THE HINDU ,THE ECONOMIC TIMES

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