US-India trade policy forum postponed until next year – here’s why

The US-India Trade Policy Forum (TPF) has been postponed to early next year, meaning the bilateral trade meeting between Minister Piyush Goyal and his US counterpart Katherine Tai is postponed to 2023, according to the ANI news agency.

The decision was taken into consideration for the upcoming US midterm elections in November this year.

“It is a critical midterm election that will determine the composition of the next United States Congress, the outcome should give India clarity on the American political landscape,” an Indian official told ANI.

Another person familiar with the developments informed ANI that the postponement of the TPF was by “mutual” consent between India and the United States.

However, political engagements will continue in the coming days, the official said, adding that some of the top Biden administration officials, including U.S. Treasury Secretary Janet Yellen and Commerce Secretary Gina Raimondo, are likely to be in New York. Delhi on November 8 this year. and February 13.

Raimondo will interact with Goyal and discuss ways to strengthen trade and economic partnerships between India and the United States. On the other hand, Yellen will meet Indian Finance Minister Nirmala Sitharaman, according to ANI reports.

Earlier this year, Piyush Goyal announced that the two countries will hold the next Trade Policy Forum during his visit to Los Angeles for the first ministerial meeting of the Indo-Pacific Economic Framework (IPEF).

The Trade Policy Forum is a premier forum for addressing trade and investment issues between India and the United States. It has five discussion groups: Agriculture, Investment, Innovation and Creativity (intellectual property rights), Services and Tariff and non-tariff barriers. The last TPF was held in New Delhi.

Meanwhile, the Biden administration also plans to deepen its defense ties with India to improve its ability to counter Chinese aggression and resolve coercion in “grey areas” such as disputed land borders.

(With ANI inputs)

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