Indian commerce and industry minister Piyush Goyal yesterday met US trade representative (USTR) Katherine Tai, who is on a two-day visit to India. “The trade relationship between our two countries is a priority, both for President [Joe] Biden and for me. That’s why it was important for me to come to India and relaunch the Trade Policy Forum on my first trip to Asia,” Tai said at a welcome reception.

Tai is accompanied by deputy USTR Sarah Bianchi. This is Tai's first visit to India after she took over the office in March this year.

Both are participating in the US-India Trade Policy Forum (TPF). Bianchi will also participate in a digital trade industry roundtable.

“There is huge potential for growth between our two economies in areas like the digital economy, services, health-related trade, and even agriculture. I believe that a revived TPF can help our trade relationship keep pace with other important aspects of the US-India partnership. But it’s clear that bilateral trade is not living up to its potential,” Tai said at the reception.

“I’m also looking forward to discussing how further collaboration on worker-centric policies can be benefit our trade relationship,” she added.

Terming top US trade official's visit to India as a ‘very important' one, president of the US-India Business Council Nisha Biswal said it is an agenda-setting visit to see how the two countries can align their ambitions and approach to trade.

Fibre2Fashion News Desk (DS)

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