Source: Press Information Bureau
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).
Minister Sitharaman and Ambassador Froman discussed and exchanged views on a range of trade and investment issues, in particular, (i) Agriculture, (ii) Services, (iii) Promoting Investment in Manufacturing, and (iv) Intellectual Property.
Intellectual Property and related issues
Minister Sitharaman and Ambassador Froman also acknowledged the paramount goal of ensuring the poorest populations in India and the United States have access to quality healthcare, and committed to identifying ways in which trade and innovation policies can enhance access to quality health and affordable medicines.
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.
Both countries recognize the importance of providing a transparent and predictable policy environment for fostering innovation.
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.