- 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.
Please join the more than 1.7 million people who have signed the European Citizen’s Initiative to stop TTIP and CETA. Help us reach the 2 million mark! https://stop-ttip.org/sign/
News from the movements
22-May-2015 Amigos de la TierraOrganizaciones lanzan una ciberacción para reclamar a los europarlamentarios que apuesten por la gente.
15-May-2015 Cumbre de los Pueblos 2015
Días de Movilización. Por la soberanía de los pueblos frente al poder de las transnacionales y la arquitectura de tratados de comercio e inversionesLes invitamos a un evento público de Lanzamiento de los Días de Movilización el 8 de junio, seguido de actividades de movilización el 9 y 10 de junio en las Maison des Associations en Bruselas.
15-May-2015 Jacobin MagazineOpponents of the trade deal being secretly negotiated between the United States, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam have moved the discussion beyond its putative impact on jobs and growth and closer to the agreement’s broader ramifications, writes the IUF’s Peter Rossman.
13-May-2015 teleSUROn Monday, a coalition of Peruvian civil society organizations issued a strong warning as negotiations for the Trans Pacific Partnership treaty (TPP) come to an end.
13-May-2015 Common DreamsIn what was immediately heralded as a victory for the grassroots, Senate Democrats on Tuesday stymied President Barack Obama’s corporate-driven trade agenda by voting to prevent the chamber from taking up Fast Track legislation.
13-May-2015 EFFOpponents of sprawling and secretive international agreements won a significant victory today when U.S. Senators voted to block the advancement of its Fast Track trade bill.
12-May-2015 ARTEAvec cette enquête fouillée, qui interroge économistes orthodoxes ou contestataires, opposants au Tafta et simples citoyens, les enjeux de ce traité capital nous sont parfaitement exposés.
12-May-2015 Mining Watch
Stop the suits tour: International investment agreements threaten people and the environment from El Salvador to CanadaIn anticipation of an imminent ruling from a little-known arbitration tribunal at the World Bank that could force El Salvador to pay Canadian-Australian mining firm OceanaGold US$301 million, a Salvadoran delegation is visiting Canada to discuss how investor-state arbitration threatens democratic decision-making, public health and the environment here and beyond our borders.
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. Join us.