A top US trade officials yesterday told American corporate leaders that the Obama Administration is supportive of the Indian stand on affordable medicine and food security; which of late has emerged as the most contentious issues between the two countries.
"We are very clear. We want to give assurances on issues around food security. We remain committed to food security," US Trade Representative (USTR) Mike Froman said in response to a question during the annual leadership summit of the US-India Business Council.
"We are committed to food security," he said, hoping that India and US would arrive at a solution to resolve this issue in a multilateral way.
Soon after coming to power, the Modi Government had blocked the trade facilitation agreement (TFA) at the World Trade Organisation (WTO) arguing that its concerns on food security have not been addressed.
Following the meeting between Prime Minister Narendra Modi and Obama at the White House last month, the two sides decided to launch a dialogue on intellectual property rights.
"That is the kind of dialogue that we are going to have," he said.
"We are totally supportive of the notion that it is important to have access to affordable medicines. We care about that here. Eighty per cent of our prescriptions are filled by generics," he said.
"So when our partners talk about access to affordable medicine, we are on the same page. The question is how best we achieve that," he said.
"So one thing that the leaders agreed to do is to launch a broad dialogue on intellectual property rights from Hollywood to Bollywood, because there are a number of areas, common between the two countries that they need to protect their products," he said.
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