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India and the United States agree to strengthen their Relationship in Trade

India and the United States agree to strengthen their Relationship in Trade

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New Delhi: The Union Minister of Commerce and Industry, Railways and Consumer Affairs, Food and Public Distribution – Piyush Goyal on March 25 had a very productive discussion with the United States Trade Representative (USTR), Ambassador Katherine Tai.

Ambassador Katherine Tai and Minister Piyush Goyal held a meeting over a video call on 25 March 2021. Piyush Goyal congratulated Katherine Tai on her appointment as USTR.

They discussed a range of issues and agreed to strengthen the India–U.S. trade and investment relationship. The conversation included consolidating the economic partnership between like-minded democracies upholding the principles of openness, transparency, and fair trade.

Both agreed to further India-US economic cooperation based on shared objectives and resolve pending legacy issues through mutual dialogue and discussion.

They also agreed to strengthen the India- U.S. Trade Policy Forum (TPF) and to convene the next Ministerial-level meeting of the forum in 2021.

India and the US are already developing their defence ties to counter the international challenge rising by China. The United States secretary of defence Llyod Austin visited India a few days back.

-Vinayak

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