- 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