India and US have expressed their resolve to work together to further strengthen the Trade and economic ties. Commerce Minister Piyush Goyal and US Commerce Secretary Wilbur Ross today had an informal tele-conversation. <br />''<br />''Both leaders discussed the Covid-19 situation in both the countries and appreciated the cooperation between India and the USA, in fighting the pandemic. They also conversed on the ongoing India-USA trade discussions and appreciated the substantial progress made by both sides on most of the outstanding issues. There was a desire expressed to conclude this initial limited trade package and recognising the complementarities of the India-USA bilateral trade, discussed the possibility of an FTA.<br />''<br />''In response to Mr Goyal's concern on USA keeping 24 Indian items under Trafficking Victims Protection Reauthorization Act list and designating them as 'child labour sectors', thereby denying them the opportunity to participate in supply contracts of U.S. government agencies, Secretary Ross offered to set up a meeting between the labour department officials of both sides.<br />''<br />''Minister Goyal also flagged the pending 'US-India Social Security Totalisation Agreement', which had been also discussed during the visit of President Trump to India in February this year. While appreciating India's concern, Secretary Ross mentioned that the statutory requirements of U.S. have to be fulfilled by India in this regard. He offered to arrange a meeting between U.S. Social Security Administrator and concerned Indian officials to discuss and find a possible solution.<br />''<span style="color: #222222;"><br />''Mr Goyal also raised a concern on 'U.S. ban on import of wild catch shrimp from India' on the premise that fishing practices followed in India were non-compliant with US regulations to protect sea turtles. He mentioned the various conservation measures taken by Indian maritime states in protecting the sea turtles. Secretary Ross appreciated India's concerns and agreed to facilitate a discussion between the officials of U.S state department and Office of Marine Conservation with the Indian Department of Fisheries and Ministry of Forest and Environment, in this regard.</span><br />
News On AIR | July 16, 2020 9:14 PM
India, US express their resolve to work together to further strengthen trade & economic ties