Piyush attends Trade policy meet

Union Minister of Commerce and Industry Shri Piyush Goyal visited Washington D.C. between 10-11 January 2023 to participate in the 13th Ministerial Meeting of the India-U.S. Trade Policy Forum. Before the delegation level talks, CIM also held a one to one meeting with USTR Ambassador Katherine Tai. The Ministers underlined the significance of the TPF in forging robust bilateral trade ties and enhancing the bilateral economic relationship to benefit working people in both countries. After the meeting a Joint Statement was issued.

Highlights of the 13th India – USA TPF 2023 discussions are as follows:

• Ministers appreciated that bilateral trade in goods and services continued to rise rapidly and reached about $160 billion in 2021 while recognizing that significant potential remains unfulfilled and expressed their mutual desire to further enhance engagement with the goal of continuing to increase and diversify bilateral trade.
• The Ministers reviewed the work done by various working groups which were activated since last TPF meeting and directed that work be maintained to advance those issues towards resolution, with regular stock-taking of progress by the Ministers and their senior officials.
• Ambassador Tai welcomed India’s G20 Presidency and said the United States looks forward to working together in the Trade and Investment Working Group.
• The Ministers welcomed the intensified negotiations so far and further engagement on outstanding WTO disputes between the two countries to arrive at satisfactory outcomes in the coming months.