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India-US trade tops $200 billion

New Delhi: With India-America Business Commerce and Industry Minister, set to cross $200 billion in 2023 Piyush Goyal and US Trade Representative katherine tay On Friday they sought to ensure technical rules do not affect shipments and vowed to work together on critical minerals, pharma and medical equipment.
The two ministers noted that the movement of professionals and skilled workers, students, investors and business visitors between the countries contributes significantly to enhancing the bilateral economic and technological partnership, a joint statement issued after the Trade Policy Forum meeting said.
Goyal highlighted the challenges faced by business visitors from India due to visa processing time period and requested the US to increase processing.
There is a possibility of increased engagement in many areas. “They (the ministers) identified some areas, including trade in critical minerals, customs and trade facilitation, supply chains, and high-tech products, in which the US and India will develop an ambitious and visionary roadmap to enhance cooperation in an economically meaningful manner.” Results,” the statement said.
During the meeting, Goyal sought restoration of benefits for India under the US Generalized System of Preferences (GSP) programme. “Ambassador Tai said this could be considered in the context of eligibility criteria set by the US Congress,” it said.



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