USTR Tai and Trade Minister Goyal to Comprehensive Review of Bilateral Trade Relations – Kashmir Reader

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Washington: US Trade Representative Katherine Tai and Union Trade and Industry Minister Piyush Goyal agreed to initiate a “comprehensive review” of ways to expand bilateral trade ties and also shared their points of view. view on how to achieve “significant results” at the next WTO ministerial conference.
The virtual meeting between Tai and Goyal took place on Wednesday, ahead of Tai’s two-day visit to India on November 22.
“Ambassador Tai and Minister Goyal looked forward to their next meetings in New Delhi (22-23 November) and agreed to thoroughly consider ways to expand bilateral trade relations and ensure the future success of the US-Indian Trade Policy Forum. ”, According to a statement from the office of the USTR at the end of the meeting.
“They also shared their views on how to achieve meaningful results at the forthcoming WTO Ministerial Conference (MC12),” the statement added.
The Ministerial Conference of the World Trade Organization will be held from November 30 to December 3 in Geneva, Switzerland.
Last month, the Office of the US Trade Representative announced that Tai and US Deputy Trade Representative Sarah Bianchi will travel to Tokyo, Seoul and New Delhi to meet with government officials and stakeholders to discuss the United States’ enduring commitment to the Indo-Pacific. region and strengthen trade and economic relations with key allies and partners.
During Prime Minister Narendra Modi’s first in-person meeting with US President Joe Biden in September, the two leaders said they looked forward to reconvening the India-US Trade Policy Forum before the end of 2021, to improve bilateral trade relations by addressing trade concerns. , identifying specific areas for increased engagement and developing an ambitious and shared vision for the future of the business relationship.
They noted that the ongoing negotiations on an investment incentive agreement that facilitates investment in development projects and committed to an early conclusion. They further discussed how the United States and India will work together to establish sustainable and transparent rules of conduct that will help boost economies across the Indo-Pacific, according to a joint statement released after the meeting. September 24 at the White House.
—PTI







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