India, US to ink framework pact on trade, investment
JimAndaz.com - India News and Events of India
Advanced Search
 
Regional News RSS Feed
Home > Business > Trade > India, US to ink framework pact on trade, investment
India, US to ink framework pact on trade, investment
 
India, US to ink framework pact on trade, investmentIndia and US are set to sign a framework agreement on trade and investment next week during a three-day visit by Commerce and Industry Minister Anand Sharma to Washington.

Sharma and United States Trade Representative (USTR) Ron Kirk will sign the document that seeks to build on the success of the Trade Policy Forum by facilitating trade and investment flows between the United States and India on March 17, the Indian Embassy here announced on March 8.

During his stay in Washington, Sharma is also scheduled to have meetings with the Secretary of Commerce Gary Locke and Secretary of Agriculture Tom Vilsack. He will visit New York on March 19. The India-US Trade Policy Forum was established after the visit of the Prime Minister Manmohan Singh to US in July 2005. The USTR and Commerce and Industry Minister are the co-chairs of this forum.

Five Focus Groups have been discussing various trade policy issues of mutual interest relating to (a) tariff and non-tariff barriers; (b) services; (c) agriculture; (d) investment; and (e) creativity and innovation. The sixth meeting of the Forum was held in New Delhi in October 2009.

The India-US Private Sector Advisory Group (PSAG) comprising prominent trade personalities from India and US would also meet on March 17. The PSAG was established in September 2007 to provide strategic recommendations and insights to the Trade Policy Forum. Sharma will speak at the Brookings Institute, a Washington think tank, on March 17 and at the US Chamber of Commerce on March 18.

In New York, Sharma is scheduled to have meetings with US industry including meetings with the Board of US Council for International Business and the India Business Forum. During the November official state visit of Prime Minister to Washington, a new India-US Economic and Financial Partnership was established to strengthen bilateral engagement and understanding on economic, financial, and investment-related issues.

The Partnership will meet at the cabinet level once a year, alternately in the United States and India. Working group and sub-cabinet level meetings will be held throughout the year to advance discussions on specific economic policy areas. The India-US Economic and Financial Partnership will be formally launched by Finance Minister Pranab Mukherjee and US Treasury Secretary Timothy Geithner in New Delhi on April 6.
Posted On : 09 Mar 10
Latest Trade News
India enters into trade pact with Malaysia
Property Expo in Pune to be held in 28th Jan
OTA eyes on increasing the global market of India's organic food
RBI forms panel to examine functioning of MFIs
Indian mangoes get entry into Chinese market
Outsourcing issue to be raised by Indian Industrialists at US trade
Gold Prices go down due to lack of buying
India's anti-dumping duty on polypropylene violates WTO law
Wheat Trade looking down in the future
Doha round can provide $500 bn boost to world economy
Anand Sharma asks engineering industry to export more value-added products
Govt not to permit wheat export; ban on non-Basmati rice to
India is likely to import gas from Iran via sea
Export of coir products to South Africa to increase
Govt to aid in promotion of handicraft trade
Press Release Submission Free
Submit your Press Release related to corporate news, announcements and events absolutely FREE of cost & reach out masses. Learn More...
 
Top Indian News
Turner in talks with Sahara Prime on Joint Venture ...
The 'acid' factor in food ...
Sure shot ways to burn fat, fast! ...
Shreya and Rajendra in Mi, Aaji Aur Saheb on ...
Shabana Azmi, Dharmendra, Mira Nair to receive Padma Bhushan ...
PNY Reveals HP V112b Tiny USB Flash Drive ...
Indian airlines, private operators likely to add 1,000 aircraft ...
IGNOU gets a new and improved website ...
Hungary keen to sign Bilateral Air Services Agreement with ...
HRD ministry preparing citizen's charter ...
More...
India, US to ink framework pact on trade, investment
Tags | About Us | Sitemap
Copyright © 2009 Jupiter Infomedia Pvt. Ltd. All rights reserved including the right to reproduce the contents in whole or in part in any form or medium without the express written permission of Jupiter Infomedia Pvt. Ltd.