Policy

Regular India-US engagements under Trade Policy Forum will help remove barriers to trade: USIBC

PTI Washington | Updated on November 24, 2021

Union Minister Piyush Goyal with US Trade Representative Katherine Tai, in New Delhi   -  PTI

It will increase two-way trade in goods and services

A regular engagement between India and the US under the bilateral Trade Policy Forum mechanism will help remove barriers to trade, facilitate higher levels of investment and increase two-way trade in goods and services, the US India Business Council said Tuesday.

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“We’re encouraged with positive statements coming from both sides and are certain regular engagements under the Forum will help removing barriers to trade, facilitate higher levels of investment and increase two-way trade in goods and services,” the USIBC said.

Robust agenda

In a statement, the USIBC congratulated Commerce Minister Piyush Goyal and US Trade Representative (USTR) Katherine Tai for a successful reconvening of the US-India Trade Policy Forum and said that they are glad to see the robust agenda set forth by the leaders.

“Today’s meeting also confirms the widespread benefit of US-India commercial partnership and the importance of innovation and investment, reaffirming the importance of collaboration on the Quad, climate, health, and labor issues,” the council said.

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“We look forward to playing a significant role in guiding and advancing these issues on behalf of the USIBC membership and working in tandem with both governments,” it said.

Published on November 24, 2021

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