The Union Minister of Commerce & Industry, Railways and Consumer Affairs, Food & Public Distribution, Shri Piyush Goyal had a very productive discussion with the United States Trade Representative (USTR), Ambassador Katherine Tai, over a video call on 25 March 2021.

Shri Piyush Goyal congratulated Ms Katherine Tai on her appointment as USTR.  They discussed a range of issues and agreed to strengthen the India–U.S. trade and investment relationship. The conversation included consolidating economic partnership between like-minded democracies upholding the principles of openness, transparency and fair trade.

Both agreed to further India-U.S.economic cooperation on the basis of shared objectives and resolve pending legacy issues through mutual dialogue and discussion. They also agreed to strengthen the India- U.S. Trade Policy Forum (TPF) and to convene the next Ministerial-level meeting of the forum in 2021.

Trade relationship strengthened through renewed cooperation and revitalized Trade Policy Forum, with pending legacy issues to be resolved by dialogue. India and the United States agreed to strengthen their bilateral trade and investment relationship, consolidate economic partnership based on openness, transparency and fair trade, and pursue expanded cooperation while resolving outstanding legacy issues through sustained dialogue. They committed to reinforce the Trade Policy Forum as the institutional mechanism for engagement and to convene its next ministerial-level meeting within the stated year, using the Forum and ministerial consultations as principal channels for negotiation and follow-up on pending trade and investment concerns.