Washington - Despite the successful Indo-US Trade Policy Forum meet in New Delhi this week, the American business community has said it would wait and watch on Modi Government's trade policies, particularly the areas of concern.

"We look forward to concrete and near-term steps to address and resolve these barriers," the Alliance for Fair Trade with India said in a statement at the conclusion of the talks yesterday.

This was the first trade policy meeting between the two countries after a gap of four years.

US Trade Representative Michael Froman lead the American delegation while Commerce and Industry Minister Nirmala Sitharaman represented India at the talks.

"Only then can the United States and India reach the full potential of their economic relationship. We will continue to engage at every level to urge progress and results toward a fair and level playing field in US-India trade," the statement said.

The statement also thanked Froman and his team for their hard work in re-starting the Indo-US Trade Policy Forum after a four-year hiatus and for advancing meaningful conversations with India about longstanding and new barriers US business are facing in India. (PTI)