India, US To Hold Trade Policy Forum Meet Soon
Date
9/10/2022 3:15:31 PM
(MENAFN- Trend News Agency)
Commerce and industry minister Piyush Goyal has said India and
the US will soon hold the next ministerial-level meeting of the
Trade Policy Forum (TPF) in America to further deepen bilateral
trade and investment, Trend reports citing Financial
Express .
Briefing reporters here on the sidelines of the Indo Pacific
Economic Framework for Prosperity (IPEF) ministerial, Goyal said
teams of officials from both the countries will firm up more
deliverables and newer areas of engagements.
In November last year, Goyal and US Trade Representative (USTR)
Katherine Tai had revived the TPF after a gap of four years. Both
the sides had wanted to resolve all outstanding issues relating to
goods, services, investments and intellectual property rights.
Goyal has been on a visit to San Francisco and Los Angeles this
week to attend the India-US Strategic Partnership Forum conference
in San Francisco and the IPEF meeting.
Goyal also held a bilateral meeting with USTR Katherine Tai and
US commerce secretary Gina Raimondo.
Commenting on the issue of digital economy, Goyal said that he
had informed both Tai and Raimondo that India was looking to have
very contemporary and modern laws in the digital space while
maintaining high levels of data privacy for its citizens.
“India is a big provider of technology services and we have a
shared interest to have a very good understanding of the laws
because we have a great interest in export services also,” he
added.
Asked if he discussed the issue of the restoration of trade
benefits under the GSP (Generalised System of Preferences)
programme of the US, Goyal said:“I don't think that's an issue
anymore. None of our exports have been affected by the GSP. So, I
think that's not an issue; that we have even discussed in recent
times, including today.”
India had exported $6.3 billion of goods to the US under the GSP
programme in 2018. Separately, Goyal also held meetings with his
counterparts from Japan and Vietnam to further bolster bilateral
trade.
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