US wants greater access to Indian financial sector: Ron Kirk
The United States today pressed for opening up India's services sector, especially the financial services market.business Updated: Oct 26, 2009 19:31 IST
The United States today pressed for opening up India's services sector, especially the financial services market.
"The US has long sought greater access to the Indian market in the financial services and goods and services market and number of areas in which there are no differences..." the US Trade Representative Ron Kirk told reporters here.
Kirk is here in connection with the 6th ministerial-level meeting of the US-India Trade Policy Forum (TPF) to discuss trade and investment issues. He met Commerce and Industry Minister Anand Sharma.
Kirk termed the TPF meeting as "productive" and said the two governments agreed on a framework for "promoting real and meaningful cooperation" in trade and investment.
The two sides also agreed to work together to support greater involvement by small and medium enterprises in each other's markets, and to pursue initiatives in the future development of India's infrastructure, and collaboration on clean energy and environmental services and other sectors.
The TPF is an arrangement between India and the US to discuss trade and investment issues.
Trade between India and the US was estimated at $ 43 billion in 2008.