Describing the reforms undertaken by the Indian government as "work in progress", a top Obama Administration official has linked the growth in bilateral trade between the two countries to India opening up and liberalising its economy.
The annual list, released by the US Trade Representative's Office, carries no threat of sanctions, but aims to shame governments into cracking down on piracy and counterfeiting and updating their copyright laws.
China and other major steel-producing countries failed to agree measures to tackle a global steel crisis as the sides argued over the causes of overcapacity, prompting US criticism of Beijing's approach and an angry response from Chinese officials.
The US strongly supports rapid deployment of solar energy around the world, including in India and will continue to work to ensure that the best products and technologies are available to global consumers, an American Trade Representative official has said.
World Trade Organization (WTO) members finalized a deal on Friday to cut tariffs on USD 1 trillion worth of information technology products in a boost for producers of goods ranging from video games to medical equipment.
Terming the controversial retrospective taxation regime a "legacy issue", Indian Finance Minister Arun Jaitley has assured US investors that the government does not intend to legislate retrospectively and is looking to put a "quietus" to the matter.
US Trade Representative Michael Froman lead the American delegation while Commerce and Industry Minister Nirmala Sitharaman represented India at the talks.
The biggest takeaway is that India and United States (US) have decided to reengage on trade related issues. 20 video conferences scheduled over the next one year on issues ranging from investments to IPR to services to tariffs. On totalisation agreement, according to sources, there has been good progress.
"Expectations are very high and it would be important to translate those expectations into concrete measures on the ground," he told a news briefing after the talks with Commerce Minister Nirmala Sithamaran.
Referring to the recent visit of PM Narendra Modi, US Trade Representative Michael Froman said it has created a lot of momentum in the relationship between the two countries. The visit was successful from all levels, he added.
The big ticket issue is IPR, with us raising red flags on compulsory licence as well as Section 3d of the Patents Act that prevents ever greening of patents. Moreover, retro tax issues continue to haunt US-based companies.
On Friday, the US Chamber of Commerce called on Washington to ratchet up pressure on India over intellectual property rights, a move that could help prevent Indian companies from producing cheap generic versions of medicines still under patent protection.
US trade representative Michael Froman in a meeting with Indian commerce minister Anand Sharma today raised concerns about Intellectual Property Rights (IPR) climate in India.
US Trade Representative Michael Froman on Friday said he expected growing trade problems with India to be a major early focus of his tenure.