US 'betting' on India's greater role in global autonomy
The US' policy towards India was open and unequivocal," and the former is 'betting' on New Delhi's greater role in regional and global economy for worldwide prosperity, a senior US government official has said.india Updated: Nov 26, 2011 13:49 IST
The US' policy towards India was open and unequivocal," and the former is 'betting' on New Delhi's greater role in regional and global economy for worldwide prosperity, a senior US government official has said.
"Today, our policy towards India is open and unequivocal: the Indo-US relationship is one of the defining partnerships of the 21st century.There are still obstacles to overcome and questions to answer, but the United States is betting that India’s greater role in the regional and global economy will pave the way to prosperity worldwide," US Consul General, Jennifer McIntyre said.
At her address at the Consultative Committee of City Chambers of Commerce on Indo-US engagement here last evening, she said while bilateral trade and exports have grown manifold, more is required to be done.
She said despite increase in bilateral trade, India was only its 12th largest trading partner, putting the trade ties on par with the US trade relationship with the Netherlands.
"Given the size of our respective economies, we must do better. Both of our markets have enormous untapped potential."
She said by reducing tariff barriers and eliminating non-tariff barriers, both countries can create mutually beneficial trade opportunities.