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.
Key highlights
- The Ministers welcomed the finalization of the Turtle Excluder Device (TED) design. The collaboration between India and the United States to expedite the TED trials will ensure that the TEDs are effective in minimizing the impact of fishing on sea-turtle populations and restore the market access for India’s export of wild caught shrimp.
- The Ministers launched a new working group on “Resilient Trade” to deepen bilateral dialogue on a range of issues that can enhance the resiliency and sustainability of the trade relationship.
- India highlighted its interest in restoration of its beneficiary status under the U.S. Generalized System of Preferences program. The United States noted that this could be considered, as warranted, in relation to the eligibility criteria determined by the U.S. Congress.
India and USA
- The two countries are also collaborating under the QUAD, I2U2 (India-Israel/ UAE-USA) and IPEF (Indo-Pacific Economic Framework)
