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.
Details –
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.
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