India-US Trade Facilitation Portal Launched; New Opportunities Anticipated
New Delhi: Taking a significant step toward strengthening trade relations between India and the United States, India's Foreign Secretary, Vikram Misri, virtually launched the India-US Trade Facilitation Portal. The portal aims to foster new trade opportunities, enhance the 'Ease of Doing Business,' and provide support to MSMEs and start-ups. Furthermore, this initiative is expected to contribute to achieving the bilateral trade target of $500 billion by 2030.
Speaking on the occasion of the launch, Union Minister of Commerce and Industry Piyush Goyal, in a video message, urged the industry sector to make the most of this initiative. He stated that industry associations, Export Promotion Councils (EPCs), and Chambers of Commerce in both India and the US should enhance mutual cooperation to transform this portal into an effective vehicle for trade expansion.
Describing it as a timely and forward-looking initiative, Goyal noted that this digital platform would further bolster initiatives such as the DGFT's 'Trade Connect' portal. He added that this step underscores the depth of the India-US partnership and its increasingly dynamic nature.
