India, US discuss measures to boost trade, investment ties at TPF meeting
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India and the US discussed measures to further boost trade and investment ties between the two countries during the Trade Policy Forum (TPF) meeting here on Friday. The 14th meeting of the TPF was co-chaired by Commerce and Industry Minister Piyush Goyal and United States Trade Representative (USTR) Katherine Tai. “Amid fruitful discussions, both sides reiterated their commitment to enhance trade and investment ties to further accelerate the growing India-US partnership,” Goyal wrote on the social media platform ‘X’. Officials had said on Thursday that “India will raise many issues with the US during the TPF meeting. These include a social security settlement, and ensuring greater market access for products like mangoes and medicines in the US.
India also plans to raise issues related to visa delays. These include increasing exports of grapes, agricultural goods and marine products like wild-caught fish and shrimp, restoring Generalized System of Preferences (GSP) status to India and export control rules for high-tech products and technologies, etc. Social security settlement is a long pending demand of the country. It will provide social security to Indian professionals in America.
This will eliminate double social security deductions in both the host country and the country where the employee works. This will benefit many Indians, especially from the IT sector, who are working in the US and paying social security but are not able to avail any benefits from it. India is also demanding fast-tracking of US health regulator USFDA inspections or audits of domestic pharmaceutical companies.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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