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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.
Upcoming days of action
8 Oct: mobilisation in Luxembourg against CETA - contact
8-15 oct: October of resistance against TTIP and CETA in Spain - contact
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22 Oct: mobilisation in Amsterdam against CETA - contact
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Any edits, please contact us
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23-Sep-2016 TeleSurDozens of Indigenous people in Peru have been absolved of accusations that they were responsible for a massacre seven years ago that killed at least 32 people, due to intense conflict triggered by the country’s free trade agreements.
22-Sep-2016 CADTMIl est urgent de lever le silence qui entoure cette question dans notre pays et de présenter des éléments de réflexion critique et de débat sur ce sujet
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21-Sep-2016 EurActivThousands of protesters marched through Brussels to demand the European Union abandon planned transatlantic free trade deals.
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