On November 25, U.S. and Indian trade leaders met in Delhi, India for the U.S.-India Trade Policy Forum. The Forum was the first since 2010 and focused on bilateral trade and investment issues in the areas of intellectual property, manufacturing, agriculture, and services.
According to a joint statement from Minister of Commerce and Industry of India Ms. Nirmala Sitharaman and U.S. Trade Representative Ambassador Michael Froman, both sides expressed their willingness "to enhance bilateral trade and investment ties." On the manufacturing front, both countries agreed that establishing a "transparent and predictable policy environment" is key to deepening investment in manufacturing. Both leaders agreed to share best practices, information on stakeholder participation in trade policy, and information on standards and conformity assessments with one another. Future goals include establishing a "single window" clearance system, increasing supply chain connectivity, and enhancing mutual understanding of "procedures for testing, packaging, and labeling requirements."
Leading up to the forum, King & Spalding hosted an interactive discussion with the U.S. Trade Representative's Office (USTR) on November 12. This provided an opportunity for USTR to brief industry stakeholders on their goals for the Forum, and for interested parties to voice their questions and concerns.