- About bilaterals.org
- How to participate
- Key issues
- Texts of agreements
India, US to conclude three trade pacts
- Union Minister for Commerce and Industry Anand Sharma (left) with the U.S. Trade Representative, Ron Kirk prior to their Ministerial level India-U.S. Trade Policy Forum meeting, in New Delhi on Monday. (Photo: V. Sudershan)
The Hindu | 28 October 2009
India, U.S. to conclude three trade pacts
India and the U.S. on Monday agreed to fast-track and conclude within a given timeframe agreements on enhancing and deepening trade and investment engagement, and Intellectual Property Rights (IPR) cooperation agreement and an agreement for putting in place traditional knowledge digital library.
The two countries also issued a joint statement at the end of the Sixth Ministerial Level meeting of the India-U.S. Trade Policy Forum (TPF) with readiness to continue focus on agriculture, innovation and creativity, investment, services and tariff and non-tariff barriers. The Indian team was headed by the Commerce and Industry Minister, Anand Sharma, and the U.S. delegation was headed by the U.S. Trade Representative, Ron Kirk.
Briefing journalists at the end of the meeting, Mr. Sharma said although no firm deadline had been fixed for concluding these agreements they would happen soon. “The U.S. has submitted us a draft on these issues and we will certainly study it. We hope to sign agreement very soon. These are in continuation of the high-level engagement between the two countries and in the run-up to the Prime Minister, Manmohan Singh’s, visit to Washington next month,” he added.
Agreement on IPR
Mr. Sharma said the cooperation agreement on IPR was being put in place to reassure and comfort investors from both the countries. Expressing satisfaction with the result of Monday’s meeting, Mr. Sharma said the Indo-U.S. TPF would act as a catalyst for enhancing trade and investment and promoting economic engagement.
The joint statement said the two countries agreed to work together on a framework for promoting real and meaningful cooperation in trade and investment.
They also agreed to work together to support greater involvement of small and medium enterprises in each others’ markets and to pursue initiatives in the further development of India’s infrastructure, collaboration on clean energy and environmental services, information and communications technologies and other key sectors.
On the issue of H1-B visas for Indian professionals, Mr. Sharma said he had taken up the matter with Mr. Kirk stating that the Indian IT sector and industry in the U.S. had not only made huge investments but also generated thousands of jobs.
They are only one per cent of the total IT professionals working in the U.S. They have made a huge contribution to the U.S. economy and U.S. should take steps to sort out all issues faced by them in this area.
News from the movements
8-Oct-2015 Tercera Información
Más de 300 organizaciones sociales convocan a la ciudadanía a participar en una semana de acción contra la pobreza, la desigualdad y los tratados comercialesLa Alianza Española Contra la Pobreza y la Campaña #NoalTTIP han presentado hoy conjuntamente la Semana de Acciones contra los Tratados de Libre Comercio y la Semana de Lucha contra la Pobreza.
8-Oct-2015 IbonTPP, like other Free Trade Agreements (FTAs), is fashioned by industrial countries and their transnational corporations to further intensify the concentration of resources, wealth, and power into their hands leaving developing countries.
7-Oct-2015 Tercera Información
Tres millones de firmas inauguran la Semana Internacional de Acción contra los Tratados de Libre ComercioLa campaña #NoalTTIP demanda la eliminación de tratados comerciales como el TTIP, TPP, TiSA y CETA. La Semana Internacional de Acción contra los Tratados de Libre Comercio movilizará cientos de ciudades en todo el mundo.
7-Oct-2015 S2BWhy the Commission’s proposal for an “Investment Court System” still fails to address the key problems of foreign investors’ privileges
5-Oct-2015 BDSWashington tient à insérer dans ce traité une clause visant à interdire toute négociation économique avec un gouvernement ou une collectivité locale en Europe qui soutiendrait une initiative de Boycott, de Désinvestissement ou de Sanctions à l’encontre de l’État d’Israël.
1-Oct-2015 BEUCOften times, we hear that the “right to regulate” will be guaranteed under TTIP. Isn’t this the strongest indication that this right might come under pressure?
30-Sep-2015 No al TTIPPor una Europa de las personas, digamos ¡Basta! a la Europa del capital.
Chile: Constituyen plataforma social para hacer frente a violación de derechos humanos y de soberanía que provoca el TPPLa instancia se encuentra conformada por más de 50 organizaciones de la sociedad civil e indígenas, además de ciudadanos de distintos ámbitos y parlamentarios.
bilaterals.org is a collaborative space to share information and support movements struggling against bilateral trade and investment deals which serve corporations, not people. Multilingual. Global. No one owns it. Open publishing. Get involved.