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Susan Schwab & Kamal Nath promise to increase Indo-US trade

14
Apr '07
U.S. Trade Representative Susan C. Schwab and India's Minister of Commerce and Industry Kamal Nath met for strategic trade talks during the sixth Ministerial-level meeting of the U.S.-India Trade Policy Forum (TPF).

Ambassador Schwab and Minister Nath focused on a number of initiatives to strengthen bilateral trade ties and held in-depth trade policy discussions on tariff and non-tariff barriers, agriculture, investment, services, and intellectual property rights. Ambassador Schwab and Minister Nath also announced the formulation of a Private Sector Advisory Group of U.S. and Indian international trade experts who will provide strategic recommendations and insights to the U.S.-India Trade Policy Forum.

“The U.S.-India Trade Policy Forum is a critical instrument for advancing bilateral trade and investment,” said Ambassador Schwab. “It is our hope that the Private Sector Advisory Group will infuse our very productive existing dialogue with new ideas to enhance the bilateral trade and investment environment.”

Minister Nath added, “Positive growth and expansion of the U.S.-India trade and investment relationship represents a key element in our strategic partnership. The Trade Policy Forum continues to provide a valuable forum for advancing our goals and collaboration at the expert level on issues of mutual concern and interest.”

The United States and India maintain of the world's fastest growing major bilateral trade relationships and are committed to a goal of doubling bilateral trade to approximately US$ 60 billion by 2008. During the visit, Ambassador Schwab and Minister Nath also discussed the Doha negotiations, agreeing that the United States and India share a commitment to conclude a successful, far-reaching Doha Round by the end of 2007.


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