US, Indian Officials Agree on Trade Cooperation Measures at Bilateral Commercial Dialogue
The U.S. and India on Aug. 31 agreed to launch a bilateral webinar series to explore mutual trade opportunities and help integrate U.S. and Indian firms into global supply chains, according to a joint statement on the Aug. 31 meeting (here). The “U.S.-India State Spotlight Webinar Series” will highlight trade, supply chain and investment opportunities in various U.S. and Indian states, according to the statement. "We believe that forging new partnerships at the state and regional level will yield great benefits for both Indian and American companies and our Indian and American communities, and will certainly grow our bilateral trade," Commerce Secretary Penny Pritzker said during the opening plenary of the dialogue (here).
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Both sides also look forward to the launch of an India trade-related standards portal expected to be released by the end of this year, as well as the development of a similar U.S. portal, the statement said. Furthermore, officials from both nations will solicit private-sector advice to address bilateral technical trade barriers, and peer authorities will share best practices in trade remedies, according to the statement. More generally, the U.S. and India expressed support for continuing to exchange information and best practices regarding trade facilitation, licensing and permitting, the statement said.. Additionally, the two parties noted their endorsement for multilateral resolutions that call on nations to enact domestic prohibitions on elephant ivory trade and establish protections for pangolin species spanning from Africa to Asia, the statement says. The resolutions will be considered at the September Conference of Parties to the Convention on International Trade in Endangered Species of Wild Flora and Fauna (CITES).