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
