US Trade Representative Susan C. Schwab and India's Minister of Commerce and Industry Kamal Nath met for the third Ministerial-level meeting of the U.S.-India Trade Policy Forum (TPF).
USTR Ambassador Schwab and Minister Nath agreed on a number of initiatives to strengthen and deepen the bilateral trading relationship.
With India already among the United States' fastest growing major bilateral trade relationships, the cooperative steps endorsed today will serve to further trade and investment, with the goal of doubling two-way trade in three years.
Ambassador Schwab and Minister Nath also discussed the Doha negotiations, agreeing that the U.S. and India share a commitment to conclude a successful, far reaching Doha Round by the end of 2006.
“Under the Trade Policy Forum we continue to make steady progress on key issues to improve the bilateral trade and investment climate,” said Ambassador Schwab. “We remain committed to doubling bilateral trade over the next three years, and improving the regulatory, customs and intellectual property protection climate is key.”
Minister Nath said, “The Trade Policy Forum has, within a short time emerged as a very effective forum for the two sides to enhance bilateral trade and investment. It was encouraging to see both sides engaged in intensive discussions at the expert level on a variety of issues of mutual interest.”
The United States and India agreed to a number of actions, including:
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