US Trade Representative Susan Schwab and India’s Minister of Commerce and Industry Kamal Nath on Friday met to discuss improving the bilateral trade relationship between the two countries.
During the strategic trade talks at the sixth Ministerial-level meeting of the US-India Trade Policy Forum (TPF), Ambassador Schwab and Minister Nath focused on a number of initiatives to strengthen bilateral trade ties, and held in-depth trade policy discussions on tariff and non-tariff barriers, agriculture, investment, services, and intellectual property rights.
Ambassador Schwab and Minister Nath also announced the formulation of a Private Sector Advisory Group of US and Indian international trade experts who will provide strategic recommendations and insights to the US-India Trade Policy Forum.
“The US-India Trade Policy Forum is a critical instrument for advancing bilateral trade and investment,” stated Ambassador Schwab. She continued:
“It is our hope that the Private Sector Advisory Group will infuse our very productive existing dialogue with new ideas to enhance the bilateral trade and investment environment.”
Minister Nath added that:
“Positive growth and expansion of the US-India trade and investment relationship represents a key element in our strategic partnership. The Trade Policy Forum continues to provide a valuable forum for advancing our goals and collaboration at the expert level on issues of mutual concern and interest.”
The US-India Trade Policy Forum was launched during the visit of Indian Prime Minister Manmohan Singh to Washington, DC, in July 2005.
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