U.S.-India Trade Policy Forum (TPF)

U.S.-India Trade Policy Forum (TPF)

Part of: Prelims and GS-II – International relations

Context U.S. Trade Representative was recently in India to revive the U.S.-India Trade Policy Forum (TPF) after a four-year break.

India’s Regulatory norms as Key impediments to bilateral trade 

• Market access restrictions
• High tariffs
• Unpredictable regulatory requirements
• Restrictive trade measures

Areas with huge potential for growth

• Digital economy
• Services
• Health-related trade 
• Agriculture

Common challenges

• Climate change and sustainability
• Vulnerable supply chains 
• Promoting market-oriented principles and structures