India-U.S. Trade Policy Forum to be held before the end of 2021



India-U.S. Trade Policy Forum to be held before the end of 2021

New Delhi, Sep 25 (KNN) Prime Minister Narendra Modi and President Joe Biden discussed the resumption of the Indo-U.S. Trade Policy Forum before the end of 2021 during their first-ever in-person meeting since President Biden took office.

The leaders discussed improving bilateral trade relations by addressing trade concerns, identifying specific areas for increased engagement and developing an ambitious and shared vision for the future of trade relations, and looked forward to convening the US-Indian CEO Forum and Business Dialogue. early 2022, drawing on talents from the private sector.

They also discussed how the United States and India will work together to establish sustainable and transparent rules of conduct that will help boost economies across the Indo-Pacific. They welcomed increased collaboration through the Coalition for Disaster Resilient Infrastructure and the upcoming Indo-Pacific Business Forum.

The affirmation of a clear vision that will guide the US-India relationship forward was given by the two leaders: establishing a strategic partnership and working with regional groupings, including ASEAN and Quad members, to promote common interests in the Indo-Pacific region and beyond. .

President Biden welcomed India’s announcement that it will resume exports of safe and effective COVID-19 vaccines, including to COVAX. The leaders also welcomed the finalization of the comprehensive memorandum of understanding on health and biomedical sciences aimed at strengthening cooperation in key areas affecting global health, including pandemic preparedness and biomedical research, in order to reduce the risk of future pandemics.

Prime Minister Modi praised US leadership on climate action, including the US return to the Paris Agreement.

President Biden expressed support for Prime Minister Modi to achieve a national target of installing 450 GW of renewable energy by 2030 and recognized the importance of mobilizing finance for investments in renewable energy, storage and grid infrastructure that will ensure clean and reliable energy for millions of Indian households.

President Biden reaffirmed the strength of the defense relationship between the United States and India and the unwavering commitment to India as a major defense partner through close defense commitments in the sharing of ‘information, logistics sharing and military interactions, strengthening cooperation in advanced military technologies and expanding engagements in a multilateral framework, including with regional partners.

As global partners, the United States and India have decided to further strengthen their collaboration in the areas of education, science and technology, and people-to-people engagement. The leaders welcomed the close consultations in the 2 + 2 Ministerial Dialogue of Foreign and Defense Ministers of India and the United States to be held later this year.

Reflecting shared values ​​and principles and growing strategic convergence, President Biden and Prime Minister Modi decided to advance the comprehensive global strategic partnership between the United States and India and looked forward to what the United States and India will achieve together.



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