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India, US to hold high level meeting on trade

business Updated: Oct 25, 2009 12:00 IST

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India and the US will hold high level discussions in New Delhi from Monday to strengthen their bilateral commercial ties.

"US Trade Representative Ron Kirk who is heading the US delegation for meeting of the US-India Trade Policy Forum (TPF) is also likely to discuss the stalled Doha Round of talks for a global trade deal," a senior commerce ministry official said.

The TPF deliberates on the difficulties faced by the businessmen of the two countries as regards the government policies and fiscal issues.

Established in July 2005, TPF is an arrangement between the US and India to discuss trade and investment issues.

Kirk, who will meet his Indian counterpart Commerce and Industry Minister Anand Sharma, is also likely to discuss the proposed bilateral investment treaty.

The bilateral agreement would provide a framework for more secure return on investments, insure investment risks taken by American companies investing in India and also ensure fair processes for the award of projects.

With bilateral trade exceeding USD 43 billion in 2008, India is the 18th largest supplier of goods to the US market.

Kirk would also hold meetings with Indian business leaders and with Indian and the US officials.

In September, Kirk was in India to participate in the informal WTO ministerial meeting.