India and US Hold Bilateral Trade Meeting

Speed Post News Network

New Delhi : India and the United States held the India-US Bilateral Trade meeting in New Delhi on May 6, 2019. Suresh Prabhu, Minister for Commerce & Industry and Civil Aviation, Government of India, and Wilbur Ross, Secretary of Commerce, United States of America, co-chaired the bilateral meeting.

Both the co-chairs : Suresh Prabhu and Wilbur Ross, appreciated the strong, robust and growing bilateral ties between India and the US across the entire spectrum of trade and commerce. Both sides expressed satisfaction over the progress during the year 2018, with bilateral trade in Goods and Services registering a growth of 12.6% from $ 126 billion in 2017 to $142 billion in 2018.

India appreciated the US Trade Winds Indo-Pacific Business Forum and Mission initiative 2019, in New Delhi. The forum will bring together distributors, representatives and partners and enable them to increase sales by taking part in business-to-business meetings from May 8-10, 2019, across India.

Both co-chairs also complimented the new bilateral private sector led Small Business Interaction initiative, the US – India SME Forum, held on May 6, 2019, forenoon in New Delhi. This is the first event of its kind and would pave the way for collaboration and partnership between the US and Indian small and medium enterprises (SMEs) in the areas of manufacturing and services, according to a PIB release.