WASHINGTON: US Trade Representative Katherine Tai and Minister of Industry and Minister of Industry Piyush has agreed to take a “comprehensive look” by expanding bilateral trade bonds and also sharing perspectives on how to achieve “meaningful results” at the upcoming WTO Conference.
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The virtual meeting between Tai and Goyal took place on Wednesday, ahead of Tai’s two-day visit to India from November 22.
“The Ambassador of Tai and the Minister of Goyal looked forward to their coming meeting in New Delhi (November 22-23), and agreed to take a comprehensive view of ways to expand bilateral trade relations and ensure the future success of the US-India trade policy forum,” According to a statement from the USTR office after the meeting.
“They also share perspectives on how to achieve meaningful results at the upcoming WTO Conference (MC12),” added the statement.
The Conference of the Minister of World Trade Organization will be held from November 30 to December 3 in Geneva, Switzerland.
Last month, the US Trade Representative Office announced that Tai’s trade representatives and representatives of the United States Sarah Bianchi would travel to Tokyo, Seoul and New Delhi to meet with government officials and stakeholders to discuss the middle US commitment to Indo-Pacific to Indonesia .
Region and to strengthen trade and economic relations with allies and major partners.
During the first meeting of Prime Minister Narendra Modi with President Joe Biden in September, the two leaders said they were looking forward to backing up the Indian-US trade policy forum before the end of 2021, to improve bilateral trade relations by overcoming trade problems, identifying specific fields for improvement Engagement and developing ambitious and shared visions for the future of trade relations.
They noted that sustainable negotiations on investment incentive agreements that facilitate investment in development projects and committed to the initial conclusion.
They further discussed how the US and India would work together to establish sustainable and transparent road rules that would lift the economy to all Indo-Pacific, according to a joint statement issued after the September 24 meeting at the White House.