Image via Wikipedia
The U. S.-India Trade Policy Forum is primarily responsible for matters dealing with India and U. S. trade relations. It was established on July 18, 2005, to replace the former U. S.-India Working Group on Trade.
The Forum consists of five groups which focus on various aspects of trade relations. These include Agriculture, Investment, Innovation and Creativity (which includes intellectual property rights), Services, and Tariff and Non-Tariff Barriers. Meetings are held periodically, with the emphasis of each one being to address matters that may cause any hindrance to trade relations.
As the U.S.-India Trade Policy Forum continues to remain operable, more and more strides and advances are made in the area of India-U.S. trade, which includes imports and exports. The latest achievement has been an agreement known as the “Framework for Cooperation on Trade and Investment”, which was signed on March 10, 2010.
The signing of this agreement was made possible largely in part to the increased growth that the last five years has brought to the U.S.-India trade. Areas of such trade include imports and exports—The U. S. exported almost $2 million worth of tree nuts, while India imported their tree nuts as well as other products.
Among the many things that the signing of the “Framework for Cooperation on Trade and Investment” agreement will accomplish is the intention to continue meeting objectives that have been set for further development and enforcement of trade policies between the two countries. There are several goals listed which it is hoped will be reached with the implementation of this agreement.
Among those goals is to implement and continue work in the areas of empowering women and other groups who are considered at a disadvantage. This can definitely be seen as a positive move for India in particular.