India and US have decided to continue their dialogue on the annoying issues like agreement for the intention of avoiding the double taxation of the income with respect to the taxes under social security.
According to Nirmala Sitharaman, Minister of State for Commerce & Industry, there has been a stable development on the issue. Michael Froman, US Trade Representative was also present at the meeting of Indo-US Trade Policy Forum.
Workers from India has contributed more than USD 6 billion towards the social security, and the statistics keeps on increasing by around USD 1.5 billion yearly. But in the nonappearance of agreement the workers did not get the refund after coming back to India.
India and US has also agreed to carry on their rendezvous on other issues of major concerns of India like the limiting the mobility of skilled professionals and the issues regarding H-1B and L-1B visas, which also include the spike in rejection rates of L-1B visas.
According to the minister, the response from the US over the concerns by India on the issue of the visa was positive. And the US had assured them that the visa fee hike was not biased.
A joint statement of the Trade Policy Forum had said that both the sides had reviewed the progress that is achieved in deepening the trade and investment goals in the year 2015 and also discusses the plan for promoting the job creation and economic growth in both the sides. Both the sides have agreed to work on various issues.
