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Readout of the Meeting Between U.S. Trade Representative Michael Froman and Indian Finance Minister P. Chidambaram

07/12/2013

Washington, D.C. - U.S. Trade Representative Michael Froman met today in Washington with Indian Finance Minister P. Chidambaram. Ambassador Froman expressed appreciation for Minister Chidambaram’s efforts to address concerns about the investment climate in India, including through proposed reforms to lift foreign direct investment restrictions. Ambassador Froman underscored the importance of avoiding policies that disadvantage foreign goods and services, and reiterated the United States’ welcoming of news that India’s Preferential Market Access Policy is to be reviewed and modified. They discussed the value of strengthening cooperation between the United States and India on strategic economic issues, including through a potential U.S.-India Bilateral Investment Treaty.