{"id":82942,"date":"2023-01-12T11:35:00","date_gmt":"2023-01-12T06:05:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=82942"},"modified":"2023-01-12T11:33:31","modified_gmt":"2023-01-12T06:03:31","slug":"us-india-trf-usibc","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/us-india-trf-usibc\/","title":{"rendered":"TPF important step in sustained effort to strengthen India-US commercial ties: USIBC"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3040095174\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The India-US Trade Policy Forum meeting that concluded here is an important step in the sustained effort to strengthen commercial ties between the two countries, a top American business body has said.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1023837738\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The India-US Trade Policy Forum (TPF) meeting was held here on Wednesday. It was co-chaired by US Trade Representative Katherine Tai and Union Commerce and Industry Minister Piyush Goyal.<\/p><p>President of the US India Business Council (USIBC) Atul Keshap applauded the two countries for taking steps that would further enhance the trade ties.<\/p><p>The latest India-US Trade Policy Forum was an important step in the sustained effort to strengthen commercial ties between the world\u2019s oldest and largest democracy, he said.<\/p><div class=\"trade-content_5\" id=\"trade-2949265392\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>\u201cWe are especially encouraged by both sides\u2019 expressed intent to reconvene the TPF on a quarterly basis, and by the statement\u2019s clear recognition that the potential of the bilateral trade partnership remains unfulfilled,\u201d Keshap said.<\/p><p>\u201cOverall, the joint statement reaffirmed both the US and India\u2019s commitment to greater economic cooperation, joint environmental stewardship, and demonstrated the mutual interest in enabling greater mobility of goods, services, and skills between our societies,\u201d he said.<\/p><p>India and the United States on Wednesday launched a new TPF Working Group on Resilient Trade.<\/p><p>The creation of a new working group on resilient trade reflects the urgent demand for a high-standard, high-trust, and highly dependable trading ecosystem from industry and civil society, Keshap said.<\/p><p>Moves to streamline the testing and certification of telecommunication equipment is a pivotal step in reducing compliance burden and promoting our joint leadership and cooperation in essential technologies, said the USIBC president.<\/p><p>\u201cProgress on US business visas will also bolster America\u2019s economic competitiveness and allow us to benefit from the entrepreneurial spirit and wealth of human capital in India\u2019s talent pool,\u201d Keshap said.<\/p><div class=\"trade-content-10\" id=\"trade-3783671153\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>\u201cAs both sides continue their talks, we hope to see continued progress on medical device pricing and strengthening India\u2019s intellectual property regime, both essential elements to expand our cooperation in healthcare,\u201d he said.<\/p><p>Strengthening enforcement of intellectual property rights and protection of confidential business information will be central to India\u2019s rise as an innovation hub in the 21st century, he added.<\/p><p>\u201cWe also hope to see the resolution of cross-sector market access and tariff issues, and welcome the intent for a bilateral settlement on long-standing WTO disputes,\u201d Keshap said.<\/p><p>The USIBC president appreciated the USTR expressing openness to restoring India\u2019s beneficiary status under the US Generalized System of Preferences Program (GSP).<\/p><p>The US Chamber of Commerce continues to urge Congress to reauthorise the GSP programme so that the US can lead on trade and strengthen our economic ties with our most important partners as part of the administration\u2019s friend-shoring initiative, Keshap said.<\/p><p>\u201cWe look forward to seeing both sides continuing constructive dialogue at the next Indo-Pacific Economic Framework Ministerial, where the US, India, and the 15 other member countries will shape a new phase of global development founded on trust, focused on economic resilience, and led by free societies,\u201d he said. PTI LKJ MRJ MRJ<\/p><div class=\"trade-after-content\" id=\"trade-435640598\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The India-US Trade Policy Forum meeting that concluded here is an important step in the sustained effort to strengthen commercial ties between the two countries, a top American business body has said. The India-US Trade Policy Forum (TPF) meeting was held here on Wednesday. It was co-chaired by US Trade Representative Katherine Tai and Union [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":82629,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-82942","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TPF important step in sustained effort to strengthen India-US commercial ties: USIBC - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The India-US Trade Policy Forum meeting that concluded here is an important step in the sustained effort to strengthen commercial ties between the two countries, a top American business body has said.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/?p=82942\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TPF important step in sustained effort to strengthen India-US commercial ties: USIBC\" \/>\n<meta property=\"og:description\" content=\"The India-US Trade Policy Forum meeting that concluded here is an important step in the sustained effort to strengthen commercial ties between the two countries, a top American business body has said.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/?p=82942\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-12T06:05:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/Piyush-Goyal-cover-image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"PTI News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/Piyush-Goyal-cover-image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PTI News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/?p=82942\",\"url\":\"https:\/\/tradebrains.in\/features\/?p=82942\",\"name\":\"TPF important step in sustained effort to strengthen India-US commercial ties: USIBC - 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