Page 48 - IACC Newsletter March-April 2014 Issue 03

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implement "single window" clearance systems that will benefit all manufacturing activities in both countries. Minister
Sitharaman and Ambassador Froman also agreed to exchange information on international standards and systems of
acceptance of conformity assessment procedures with specific focus on understanding each government’s procedures for
testing, packaging, and labeling requirements.
Minister Sitharaman and Ambassador Froman discussed the "Make in India" campaign launched by Prime Minister Modi
to promote India as a manufacturing destination, highlighting the pro-investment domestic reforms envisioned to
facilitate the ease of doing business and create a climate that will attract investment.
Intellectual Property and related issues
Recognizing the shared interest of our creative industries, India and the United States agreed to deepen cooperation to
build capacity and generate awareness in the field of copyright. Minister Sitharaman and Ambassador Froman also
acknowledged the paramount goal of ensuring the poorest populations in India and the United States have access to
quality healthcare and committed to identifyingways inwhich trade and innovation policies can enhance access to quality
health and affordable medicines.
India highlighted the benefits of traditional Indian medicine in view of its potential to enhance access to affordable
healthcare; and the importance of traditional knowledge in contri buting to cultural, economic, and social development.
The United States agreed to facilitate further engagement in this field between the experts of both countries.
Minister Sitharaman highlighted India's work on a new intellectual property rights (IPR) policy which would stimulate
innovation across sectors in the country. The United States agreed to share information on this subject to support India's
on-going efforts. Both countries recognizethe importance of providing a transparent and predictable poli cy environment
for fostering innovation.
India and the United States recognize the importance of trade secrets protection to attracting investment and agree to
exchange information on best legal practices in this area.
World Trade Organization
Minister Sitharaman and Ambassador Froman expressed satisfaction at the recent understanding between India and the
United States on the issue of public stockholding for food security purposes and the Trade Facilitation Agreement as a
follow-up to the discussions between PrimeMinisterModi and President Obama. They committed to working with other
WTO Members to ensure that theWTO General Council takes this understanding forward towards a satisfactory outcome.
Private Sector Advisory Group
Minister Sitharaman and Ambassador Froman encouraged the continued work of the United States -India Private Sector
Advisory Group (PSAG), which had been created under the TPF to provide strategic advice. Minister Sitharaman and
Ambassador Froman expect that the work of TPF will benefit from the depth, breadth, and diversity of expertise of the
PSAG in trade and international affairs in advance of the 2015 TPF meeting to be held in Washington, DC.
In conclusion, Minister Sitharaman and Ambassador Froman expressed satisfaction with the discussions held during the
eighth round of the TPF and reiterated their mutual commitment to strengthening bilateral cooperation in trade and
investment. Ambassador Froman thankedMinister Sitharaman for hosting the eighth round of the TPF in New Delhi. They
agreed to convene the ninth round of the TPF in the United States in 2015.