Thursday, March 28, 2024
News

Huge potential for growth between India-US in digital economy, services, health-related trade, agriculture: Katherine Tai

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | November 22, 2021 9:47:48 PM IST
United States Trade Representative (USTR) Katherine Tai, who is on a two-day visit to India, said that there is a huge potential for growth between the two economies in areas like the digital economy, services, health-related trade, and even agriculture.

While speaking at India - USA Trade Policy Forum (TPF) 2021, Tai said that India's greatest asset is its people.

Talking about the trade relation between India and US, Tai said, "trade relationship between our two countries is a top priority, both for President Biden and for me. That's why it was important for me to come to India and re-launch the trade policy forum on my first trip to Asia."

"I know that all of you in this room are similarly invested in this trade relationship. You are putting in the hard work to build commercial ventures, navigate the trading system, and strengthen ties between our countries on a daily basis," Tai said.

She also said that "At USTR, we hear frequently from our stakeholders on issues in moving goods and services between our two countries, market access restrictions, high tariffs, unpredictable regulatory requirements, restrictive digital trade measures."

"These are issues where we intend to make progress and they will be on my list while I am here (in India)," she added.

Meanwhile, Union Minister of Commerce and Industry Piyush Goyal also said TPF 2021 is the beginning of a new chapter in the trade relations between India and the US.

"I believe that India's competitive advantages of cost, skilled manpower and huge market domestic demand combined with US' innovation and investment can become a winning partnership amongst natural friends," said Goyal.

He also said that India and US can use this platform to engage and resolve outstanding issues in an amicable manner and send a strong message to the world that the US and India partnership is stronger than ever before.

"I hope our meetings will encourage business communities and investors on both sides to look at a greater degree of engagement," said the minister.

Tai, who is on a two-day visit to India, is accompanied by Deputy United States Trade Representative Sarah Bianchi. (ANI)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE WORLD NEWS
Israel Prime Minister Netanyahu meets wi...
French envoy to India Thierry Mathou ina...
US National Transportation Safety Board ...
Baloch Human Rights Council seeks UN fac...
India-China hold 29th round of diplomati...
EAM S Jaishankar concludes two-day offic...
More...
 
INDIA WORLD ASIA
UP's improved law and order to be the do...
Himachal governor Shiv Pratap writes to ...
'All parties against me' says Jagan Redd...
TMC's Mahua Moitra to skip ED summons to...
'Shocked and pained': Tamil Nadu CM cond...
'I want to work for tribals...': Sudam M...
More...    
 
 Top Stories
In close touch with Indians on boar... 
Pakistan's top court allows militar... 
"BJP candidates will win with a rec... 
"Gave suggestions to State Election... 
Babbar Khalsa International terror ... 
Chengicherla violence: BJP MLA clai... 
Abu Dhabi Chamber establishes worki... 
IPL 2024: Riyan Parag's batting fir...