US, India Discuss Social Security Agreement, Trade Policy Cooperation

During the 14th India-US Trade Policy Forum (TPF) held in New Delhi, US Trade Representative Katherine Tai confirmed receiving information from India regarding the proposed social security agreement. Tai emphasized the need for further work on the subject and encouraged India to maintain open communication and consult with all stakeholders when making decisions on import-related policies.

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Social Security Totalisation Agreement: A Key Ask from India

The social security totalisation agreement was a significant request from the Indian side during the TPF meeting. This agreement aims to enhance services trade between the two countries and benefit Indian IT professionals working temporarily in the US. India has already submitted relevant data on its social security schemes, as requested by the US, to initiate negotiations on the agreement.

US Requests Consultation on India's Import Management System

Regarding India's import management system for specified IT hardware, Tai mentioned that the US has requested India to hold consultations with them and other stakeholders on such matters. This request stems from India's concerns about national security sensitivities related to imports in these areas. Tai emphasized the importance of creating a space for consultation to ensure that such decisions do not disrupt the regulatory environment.

India's Commitment to Consultation and Feedback

In response to the US concerns, Commerce and Industry Minister Piyush Goyal highlighted India's objectives, including those related to national security. Tai appreciated India's commitment to consultation, not only on a government-to-government basis but also with stakeholders in the system. She stressed the significance of notice, consultation, and feedback before implementing import procedures and quality control orders to build confidence in the regulatory environment.

Enhancing Cooperation in Critical Minerals

The TPF also discussed the importance of cooperation in the critical minerals sector. Both countries recognize the criticality of these goods for a sustainable and resilient economic industrial future. As part of a forward-looking roadmap for enhanced cooperation, the US and India will engage in fact-finding exploration and establish a common vocabulary in this area.

Addressing Agri-Related Issues and Visa Concerns

The USTR also touched upon agri-related issues, expressing America's interest in greater market access for products like almonds, walnuts, blueberries, and cranberries. India, in turn, raised concerns regarding grapes, mangoes, and pomegranates in the US market. Additionally, Tai acknowledged India's concerns over delays in the visa process for Indian businesses and assured that the USTR office facilitates conversations with relevant US authorities responsible for these issues.

The 14th India-US Trade Policy Forum provided a platform for constructive discussions on various trade-related matters. Both countries reaffirmed their commitment to strengthening economic ties and addressing concerns in areas such as social security, import policies, critical minerals, agriculture, and visa processing. By fostering open communication and collaboration, India and the US aim to enhance their trade relationship and promote mutual economic growth.