The 14th meeting between India and the United States on trade policies happened in New Delhi. Both countries’ ministers decided to work together on new projects, focusing on important areas like minerals, making trade easier, and improving supply chains. They also agreed to create a system to reduce obstacles that affect trade but are not related to taxes.
Ministers committed to pursue foundation to launch future Joint Initiatives in certain areas, including critical minerals, trade facilitation, supply chains
The Ministers agreed to establish a establish a Joint Facilitative Mechanism (JFM) to mitigate non-tariff barriers
Ambassador Tai appreciated India’s G20 Presidency and the outcomes achieved in the G20 Trade and Investment Working Group, in particular the adoption of the High-Level Principles on Digitalization of Trade Documents. The Ministers agreed to further pursue support for the implementation of these principles in other forums thus building on the G20 outcomes, bilaterally.
India also emphasized the need to increase the number of inspections by the U.S. Food and Drug Administration (U.S. FDA) in India to reach the pre-pandemic level.
(Posted On: 13 JAN 2024 9:21AM by PIB Delhi)