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U.S. Trade Representative Michael Froman to Host U.S.-India Trade Policy Forum
Washington, D.C. – U.S. Trade Representative Michael Froman will host the ninth ministerial-level meeting of the U.S.-India Trade Policy Forum (TPF) on October 29, in Washington, DC. The TPF provides the venue for evaluating progress that has been made on trade and investment issues between the United States and India at the ministerial level.
“I look forward to hosting Minister Nirmala Sitharaman for a productive meeting about bringing our countries into greater trade partnership. This dialogue comes on the heels of President Obama’s recent meeting with Prime Minister Modi where they discussed how partnership between the United States and India on trade and investment can contribute to new economic growth and job creation opportunities for our peoples”, said U.S. Trade Representative Michael Froman. “The U.S.-India Trade Policy Forum will allow the United States and India to advance on-going bilateral efforts to expand trade and investment through forward-looking policy initiatives that can benefit our manufacturers, workers, innovators, service providers, farmers, and ranchers.”
The U.S.-India TPF is co-chaired by United States Trade Representative Michael Froman and Indian Minister of Commerce and Industry Nirmala Sitharaman, and is the premier bilateral forum for the discussion and resolution of trade and investment issues between the United States and India. Discussions in the TPF are generally organized around key issue areas, including intellectual property, opening investment in manufacturing, agriculture, and services.
U.S. goods and private services trade with India totaled $102.8 billion in 2014. India is currently the United States’ 11th largest goods trading partner with $66.8 billion in total (two ways) goods trade during 2014. Trade in private services with India (exports and imports) totaled $36 billion in 2014.