- Saturday, April 20, 2024
By: Shubham Ghosh
INDIA and the US are looking “forward” to reconvening the India-US Trade Policy Forum before the conclusion of 2011 with aim to enhance their bilateral relationship by looking after the trade concerns, an official joint statement has said.
Speaking about the meeting between US president Joe Biden and Indian prime minister Narendra Modi at the White House in Washington DC, the US, on Friday (24), the US-India Joint Leaders’ Statement issued after the talks said, “They looked forward to reconvening the India-US Trade Policy Forum before the end of 2021, to enhance the bilateral trade relationship by addressing trade concerns, identifying specific areas for increased engagement and developing an ambitious, shared vision for the future of the trade relationship.”
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It added that the two leaders also looked forward to convening the US-India CEO Forum and the Commercial Dialogue in early next year, aiming to leverage talents of the private sector.
“The leaders noted ongoing negotiations on an Investment Incentive Agreement that facilitates investment in development projects and committed to an early conclusion,” it said.
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During their meeting, Biden and Modi also discussed how the US and India will work together to set sustainable and transparent rules of the road that will lift economies throughout the Indo-Pacific.
According to the statement, the duo welcomed increased collaboration through the Coalition for Disaster Resilient Infrastructure and the upcoming Indo-Pacific Business Forum, the statement added.
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“The leaders noted that the movement of highly skilled professionals, students, investors and business travellers between their countries enhances their economic and technological partnership,” the statement said.
The leaders highlighted the importance of resilient and secure supply chains between the two nations, and welcomed the involvement of the private sector in both countries in building stronger linkages in sectors such as pharmaceuticals, biotechnology, semiconductors, and information technology.
