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

  • IASbaba
  • November 23, 2021
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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

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