11th to 21st January 2024 - JOINT STATEMENT ON INDIA - UNITED STATES TRADE POLICY FORUM Flashcards
What is the Joint Facilitative Mechanism (JFM), and what is its purpose?
The JFM is a collaborative mechanism between India and the US, focused on reducing non-tariff barriers to trade. Its goal is to eliminate repetitive testing requirements and lower compliance costs for high-quality goods.
Describe the issue raised by India regarding wild-caught shrimp exports.
India asked for the US to lift its ban on wild-caught shrimp exports. This ban has significantly impacted India’s shrimp exports to the US market and negatively affects Indian fishermen.
What is the significance of the US market for Indian shrimp exports?
The United States is India’s biggest shrimp export market.
What is the purpose of the India-US Trade Policy Forum (TPF)?
Established in 2005, the TPF acts as a forum for India and the US to discuss important issues related to trade and investment between the two countries.
Which governmental bodies co-chair the India-US TPF?
The TPF is co-chaired by:
India: Ministry of Commerce & Industry, Government of India
United States: United States Trade Representative
