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US- India CEO Forum to highlight key market access issues, help bilateral trade, says government

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Ahead of the Indo-US Commercial Dialogue and the Indo-US CEO Forum, the government has said the forum will help highlight key market access issues that impact the ease of doing business in both countries.

“The forum is an effective platform to highlight key market access issues that impact the ease of doing business and to identify areas for closer collaboration,” the department of commerce said in a statement on Tuesday. The two events will be held on February 14.

The Indian side will be headed by Commerce & Industry and Civil Aviation Minister, Suresh Prabhu, and the US side will be led by Wilbur Ross, US Commerce Secretary. The two ministers will co-chair the India-US Commercial Dialogue. The co-chairs for the US- India CEO Forum are Tata Sons Chairman Natarajan Chandrasekaran and James Taiclet, Chairman, President and CEO of American Tower Corporation.

Annual bilateral trade in goods and services between the US and India doubled over the last decade, from $58 billion in 2007 to $126 in 2017.

“Both countries are resolved to remain engaged and take measures for further enhancement of bilateral trade. Bilateral trade in 2018 continued in spite of uncertain global economic conditions,” the department said.

Source: Economic Times