Minister for industry and commerce Piyush Goyal has said India as well as the US will soon host the next ministerial level gathering at the Trade Policy Forum (TPF) in America to enhance trade and investment between the two countries.
Reporters were briefed in the midst of the Indo Pacific Economic Framework for Prosperity (IPEF) ministerial, Goyal said teams of officials from both countries are expected to work on more deliverables as well as new areas of engagement.
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In November last year Goyal along with US the Trade Representative (USTR) Katherine Tai had revived the TPF after the gap for four years. Both sides wanted to settle any remaining issues related to services, goods as well as investments and intellectual property rights.
Goyal is currently traveling to San Francisco and Los Angeles this week to attend the US-India Strategic Partnership Forum meeting at San Francisco and the IPEF meeting.
Goyal also had an exchange of information together with the USTR Katherine Tai and US commerce secretary Gina Raimondo.
On the issue of the digital economy Goyal stated that he advised each Tai Raimondo and Tai Raimondo that India is looking to implement modern and contemporary laws for the digital age and yet maintain the highest levels of security to its residents.
“India is a big provider of technology services and we have a shared interest to have a very good understanding of the laws because we have a great interest in export services also,” said the minister.
If he was asked if he has was discussing the issue of return in trade-related benefits as part of the GSP (Generalised System of Preferences) program in the US, Goyal said: “I believe that this is not an issue now. No of our exports have been affected by GSP. Therefore, I believe that’s not a problem; was even discussed in the past, and even this morning.”
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