Question: 9th Trade Policy Forum (TPF) meeting was held in October, 2015 at …
a) Washington
b) New York
c) California
d) None of the above.
Ans: (a)
Related facts:
- 10th India-United States Trade Policy Forum (TPF) meeting is scheduled from 19th October, 2016 to 20th October, 2016 at New Delhi.
- It is a part of the annual work plan agreed between India and US working groups.
The discussion will be focused on agriculture, trade and promotion of investment. It will also provide an opportunity to understand the best practices, facilitate investment and raise concerns relating to the trade. - Under TPF there would be technical level discussions on 18th October, 2016 between the two sides on issues concerning with Agriculture, Services and Goods, IPR and Manufacturing. Technical Discussions would be followed by Secretary level discussions on 19th October, 2016.
- Ministerial Level Meeting is scheduled for 20th October, 2016 forenoon which will be led by Ambassador Michael Froman, United States Trade Representative and Hon’ble Minister of Commerce and Industry Smt. Nirmala Sitharaman.
- Both sides would review the progress achieved on the issues agreed upon in work plans for 2016, under all the four work streams and would be working out the way forward for 2017.
The previous 9th TPF was held in October, 2015 at Washington D.C, USA.
Significance:
The commercial ties between the United States and India are growing stronger as reflected by increased bilateral trade in Goods and Services of $109 billion and highest ever FDI inflows in 2015-16.
The bilateral cooperation under trade policy forum has resulted in resolving several market access issues and cooperation in services, manufacturing and IPR. India is looking forward to maintain the momentum further in the current forum.
Reference:
http://pib.nic.in/newsite/erelease.aspx
http://www.ndtv.com/india-news/india-us-meeting-to-discuss-trade-investments-1475792