What is the News?
In accordance with the discussions at the 12th India – USA trade policy forum meeting, India and the United States have signed the framework agreement for implementing the “2 Vs 2 Agri-Market Access Issues”.
What are 2 Vs 2 Agri-Market Access Issues?
Under this deal, two Agricultural Products from India will be exported to the US. Similarly, two American products will be imported to India.
From the Indian Side, Indian mangoes & pomegranate have been chosen for export to the USA while the US will export cherries and Alfalfa hay to India.
India-United States Trade Policy Forum (TPF)
India-United States TPF is a premier forum to resolve trade and investment issues between the two countries.
The forum is co-chaired by the Indian Minister of Commerce and Industry and U.S. Trade Representative.
The forum has five focus groups – agriculture, investment, innovation and creativity (intellectual property rights), services, and tariff and non-tariff barriers
Source: This post is based on the article “Indo US Trade- Commerce gets a fillip with improving Agri Market Access” published in the PIB on 10th January 2022.
Discover more from Free UPSC IAS Preparation Syllabus and Materials For Aspirants
Subscribe to get the latest posts sent to your email.
