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November 8 meeting of Indo-US trade policy forum postponed because of polls


Meeting of India-US Trade Policy Forum (TPF) scheduled for early next month has been postponed due to the upcoming parliamentary elections in India and midterm elections in the US, people with knowledge of the development said. Forum led by the minister of commerce and industry Piyush Goyal and US Trade Representative Katherine Tai, scheduled to meet on November 8 in Washington DC.

“While early November is being considered for the meeting, the two sides are busy with their elections. So the meeting was adjourned,” an official told ET.

Another official said, “Discussions are underway to set a new date for the meeting.” The forum was restarted last year after a four-year hiatus when the US agreed to increase market access for mangoes, pomegranates and pomegranate seeds from India, and New Delhi offered concessions on cherries and reishi. fodder from the US. According to an industry representative, the meeting next month has been postponed because the two sides do not have an important agenda this time.

During the last TPF meeting to be held in New Delhi in November 2021, the two sides agreed to reactivate working groups on agriculture, non-agricultural goods, services, investment and intellectual property. intelligence “to address issues of mutual interest on an ongoing basis”. They have also agreed to work together on child labor and forced labor issues in global supply chains. India-U.S. bilateral merchandise trade in the April-August period stood at $57.5 billion.

While the TPF meeting has been adjourned, officials said the two countries are engaging in dialogue on several other platforms. “Dialogue with the US is happening in many forums, including the G20,” said one of the officials cited above.

India and the US are members of the two Quad groups and the Indo-Pacific Economic Framework (IPEF). In India, Himachal Pradesh and Gujarat will conduct council elections in the next two months while midterm elections in the US are mainly held on 8 November. During last year’s TPF meeting, India Degree has said that wider adoption of Commercial Margin Rationalization for medical devices is under consideration. which has included oximeter, blood glucose meter, blood pressure monitor and nebulizer.

“Ministers acknowledge the ongoing discussions on a Comprehensive Social Security Agreement and welcome deeper engagement in the pursuit of such an agreement,” the government said. People who know about this development said there will be parliamentary elections in India and midterm elections in the US. Forum led by Secretary of Commerce and Industry Piyush Goyal and US Trade Representative Katherine Taischeduled to meet on November 8 in Washington DC.

“While early November is being considered for the meeting, the two sides are busy with their elections. So the meeting was adjourned,” an official told ET.

Another official said, “Discussions are underway to set a new date for the meeting.” The forum was restarted last year after a four-year hiatus when the US agreed to increase market access for mangoes, pomegranates and pomegranate seeds from India, and New Delhi offered concessions on cherries and reishi. fodder from the US. According to an industry representative, the meeting next month has been postponed because the two sides do not have an important agenda this time.

During the last TPF meeting to be held in New Delhi in November 2021, the two sides agreed to reactivate working groups on agriculture, non-agricultural goods, services, investment and intellectual property. intelligence “to address issues of mutual interest on an ongoing basis”. They have also agreed to work together on child labor and forced labor issues in global supply chains. India-US bilateral merchandise trade in the April-August period stood at $57.5 billion.

While the TPF meeting has been adjourned, officials said the two countries are engaging in dialogue on several other platforms. “Dialogue with the US is happening in many forums, including the G20,” said one of the officials cited above.

India and the US are members of the two Quad groups and the Indo-Pacific Economic Framework (IPEF). In India, Himachal Pradesh and Gujarat will conduct council elections in the next two months while midterm elections in the US are mainly held on 8 November. During last year’s TPF meeting, India Degree has said that wider adoption of Commercial Margin Rationalization for medical devices is under consideration. which has included oximeter, blood glucose meter, blood pressure monitor and nebulizer.

“Ministers acknowledge the ongoing discussions on a Social Security Comprehensive Agreement and welcome further engagement in the pursuit of such an agreement,” the government said.

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