USTR will visit India this month; countries to discuss trade and investment issues

USTR will visit India this month;  countries to discuss trade and investment issues

India and the United States will discuss ways to promote trade and investment as well as increase cooperation in agriculture and intellectual property rights during a meeting this month between U.S. Trade Representative Katherine Tai and Trade Minister. , Piyush Goyal, said an official.

The two-day meeting will begin on November 22.

The United States Trade Representative (USTR) is visiting India to reactivate the Trade Policy Forum (TPF), which has not met in the past four years, the official said.

The meeting is also important as the 12th ministerial conference of the World Trade Organization (WTO) is scheduled for November 30 to December 3 in Geneva. Both India and the US are members of the 164-member multilateral organization that deals with world exports and imports.

The TPF is a premier forum for solving trade and investment issues between India and the US It has five focus groups: Agriculture, Investment, Innovation and Creativity (intellectual property rights), Services, and Tariff and Non-Tariff Barriers.

“Both sides would discuss ways to further boost bilateral trade and investment,” the official added.

Bilateral trade between countries stood at $ 80.5 billion in 2020-21. India has received USD 13.8 billion of foreign direct investment from the US during 2020-21.

This story has been published from a news agency feed with no changes to the text.

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