The collaboration between the United States and India lie at the heart of our strategic interests in Asia. India has the sixth largest economy in the world in nominal terms and nearly one-fifth of the global population, with a long tradition of entrepreneurialism and democratic governance. India is already an important market for US goods and services and has the potential to become a crucial link in the global manufacturing supply chain.
While the fundamentals of this relationship are strong, below are some priorities to strengthen this partnership further in the coming year.
Through these priorities we see tremendous opportunity to deepen the US-India relationship, to the mutual benefit of both countries.
US-India agriculture cooperation increasingly important role in the relationship but flashpoints remain with regard to market access for US agriculture products entering India. The U.S.-India Trade Deal remains deferred until the two sides agree on the tariff & non-tariff barriers imposed on agriculture products by both governments. With the incoming Biden-Harris Administration, it remains imperative to ensure that the dialogue on trade continues and it also provides an opportunity to engage on some new of the initiatives including:
U.S- India Agri Supply Chain Initiative: With the passage of the three farm laws namely, The Farmers Produce Trade and Commerce (Promotion and Facilitation) Act, 2020; The Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Act, 2020; and The Essential Commodities (Amendment) Act, 2020, there is an opportunity for capacity building and knowledge sharing between US & India as the farmers get the opportunity to work directly with the private sector. Though the ongoing farmers’ protest creates a wait and watch situation for the private sector, we remain hopeful that once resolved, it also provides a huge opportunity for introduction of newer technologies in the agriculture supply chain in India.agriculture products by both governments. With the incoming Biden-Harris Administration, it remains imperative to ensure that the dialogue on trade continues and it also provides an opportunity to engage on some new of the initiatives including: