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U.S. to strengthen trade relations with India

The U.S. government is ready to strengthen bilateral trade relations with India and make progress for the World Trade Organization's Doha round agenda, U.S Trade Representative Ron Kirk said Tuesday.

Kirk and Indian Commerce Minister Anand Sharma met Tuesday in Washington to discuss a range of issues for the U.S.-India Trade Policy Forum (TPF) meeting in India scheduled for Oct. 26.

"India is one of the largest and one of the most important trade partner for the U.S.. In 2008, the total volume of goods and service being traded between India and the U.S. totaled 41 billion dollars." Kirk said. "I know that is an impressive number, we believe it can and should be higher."

"By improved market access to India, we can create new jobs here in America," Kirk added.

The TPF is the main policy tool for the bilateral trade agenda, and the United States and India are working together to create greater opportunities for trade and investment.

Since Indian Prime Minister Manmohan Singh's visit to the United States in July 2005, during which a number of trade and economic initiatives were announced, the office of the U.S. Trade Representative (USTR) has engaged with India on trade and investment matters through a number of venues.

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 Source : Xinhua  Editor: Ivy
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