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Ahead of the first U.S.-India Trade Policy Forum (TPF) in four years, a group of U.S. business associations are calling for this dialogue to “ultimately lead to concrete steps” that would resolve what they see as trade problems with India's intellectual property rights (IPR) policies and localization requirements.
A deal announced by the United States and India on Thursday (Nov. 13) to resolve the impasse at the World Trade Organization includes as its key component an agreement that the General Council will simultaneously adopt a protocol to implement the Trade Facilitation Agreement (TFA) and a decision clarifying the term of an existing food security “peace clause,” according to U.S. trade officials.