India- United States Trade Policy Forum 14th Ministerial-level meeting held in New Delhi.
Minister of Commerce and Industry Piyush Goyal and U.S. Trade Representative, Ambassador Katherine Tai co-chaired the India- United States Trade Policy Forum (TPF) 14th Ministerial-level meeting.
Both leaders highlighted that TPF plays a key role in fortifying resilient bilateral trade and elevating the economic partnership between both countries.
Both Ministers also agreed to establish a Joint Facilitative Mechanism (JFM) to mitigate non-tariff barriers.
They also committed to launching future Joint Initiatives in certain areas, including critical minerals, customs and trade facilitation, supply chains, and trade in high-tech products.
India emphasized the need to increase the number of inspections by the U.S. Food and Drug Administration (U.S. FDA) in India to the pre-pandemic level.
They also discussed the issue of import management systems for specific hardware.
The India-US bilateral trade in goods and services has surpassed $200 billion in 2023.
India and the US are collaborating under the QUAD, I2U2 (India-Israel/ UAE-USA) and IPEF (Indo-Pacific Economic Framework).
