USTR Raises
MRP Labelling Issue with Nirmala
Minister of
Commerce and Industry of India Smt. Nirmala Sitharaman and U.S. Trade Representative Ambassador Mr. Michael Froman met in New Delhi
on November 25, 2014 for the eighth ministerial-level meeting of the
India-United States Trade Policy Forum (TPF).
The USTR wants
potential reconciliation of the definition of wholesale pack between
Departments, forthcoming rules to allow stickering of
maximum retail price at the port, and timely implementation efforts concerning
these issues.
The United States
took note of India’s interest in engaging on social security totalization, and agreed to review any information provided
by India about developments in its social security regime. They decided to
continue their engagement on visa issues, and the United States took note of
India's interest in ensuring easier access for Indian professionals in the
United States.
Intellectual
Property and related issues
Recognizing the
shared interest of our creative industries, India and the United States agreed
to deepen cooperation to build capacity and generate awareness in the field of
copyright.
Minister Sitharaman highlighted India’s work on a new intellectual
property rights (IPR) policy which would stimulate innovation across sectors in
the country. The United States agreed to share information on this subject to
support India’s on-going efforts.
India and the
United States recognize the importance of trade secrets protection to attracting
investment and agree to exchange information on best legal practices in this
area.
World Trade
Organization
Minister Sitharaman and Ambassador Froman
expressed satisfaction at the recent understanding between India and the United
States on the issue of public stockholding for food security purposes and the
Trade Facilitation Agreement as a follow-up to the discussions between Prime
Minister Modi and President Obama. They committed to
working with other WTO Members to ensure that the WTO General Council takes
this understanding forward towards a satisfactory outcome.
Private Sector
Advisory Group
Minister Sitharaman and Ambassador Froman
encouraged the continued work of the United States-India Private Sector
Advisory Group (PSAG), which had been created under the TPF to provide
strategic advice. Minister Sitharaman and Ambassador Froman expect that the work of TPF will benefit from the
depth, breadth, and diversity of expertise of the PSAG in trade and
international affairs in advance of the 2015 TPF meeting to be held in
Washington, DC.