With the reappearance of Indian mangoes in the U.S. market, officials are looking at what can be achieved in this year’s U.S. India Trade Policy Forum (TPF) session.
- In November 2021, India and the United States held the 12th Ministerial-level meeting of the India-United States Trade Policy Forum (TPF) in New Delhi.
- This forum was helpful in overcoming a pandemic-induced hiatus in mango trade.
- The forum finalised work on market access facilitation for mangoes and pomegranates, pomegranate arils from India.
- Against this backdrop, officials of both sides are looking forward to organise the next TPF.
What is the India-U.S. Trade Policy Forum?
- The United States — India Trade Policy Forum (the Trade Policy Forum) is a key element of in advancing the two countries’ efforts to expand their economic ties. This is primarily designed to work for expanding bilateral trade and investment.
- TPF aims to activate its working groups to meet frequently and address issues of mutual concern in a mutually beneficial manner.
- Ministry of Commerce & Industry, GoI and Office of the US Trade Representative are the nodal agencies and TPF.
- Since the Trade Policy Forum‘s inception in 2005, bilateral trade between the United States and India has increased manifold. With bilateral trade between the US and India crossing US$ 119 billion in 2021-22, US is now India’s largest trading partner.
- Focus groups – Agriculture Focus Group, Innovation and Creativity Focus Group, Investment Focus Group, Services Focus Group, and Tariff and Non-Tariff Barriers Focus Group
- Objectives –
- Facilitating trade and investment flows between the United States and India;
- Developing and implementing trade policies through transparent procedures that comply with international obligations;
- Fostering an environment conducive to technological collaboration and innovation;
- Promoting inclusive economic growth and job creation in the United States and India.