India ? United States to take economic relationship to the next high level

New Delhi, 23 November (H.S): India ? United States today reaffirmed their commitment to take economic relationship between the two countries to the next high level. Commerce and Industry Minister of India Shri Piyush Goyal and USTR Ambassador Katherine Tai also ensured that India ? US TPF take a firm decision to integrate the economies across sectors and move towards securing and ambitious future for trade relations between the two strategic partners and democracies.

The two leaders underlined the importance of integrating the two economies across sectors to harness the untapped potential of the relationship.

During the meeting the leaders pushed to work towards a more ambitious future for the bilateral trade and economic relationship and take it to the next level so that both economies could benefit from the inherent complementarities.

India and the United States held the 12th Ministerial-level meeting of the India-United States Trade Policy Forum (TPF) in New Delhi on November 23, 2021 with a view to advancing the goal, to ?develop an ambitious, shared vision for the future of the trade relationship?, as announced by PM Modi and President Biden at their September 24, 2021 meeting.

Indian Minister of Commerce and Industry, Textiles, Consumer Affairs and Food& Public Distribution, Shri Piyush Goyal and U.S. Trade Representative, Ambassador Katherine Tai co-chaired the TPF meeting.

The Ministers recognized the importance of engaging in collaborative discussion on the full range of existing and emerging issues affecting our trade relationship. In this regard TPF could be the major platform for collaboration and cooperation in trade matters, resolve bilateral trade concerns and explore important, emerging trade policy issues.