India
is ready to start out talks with the United States on a bilateral
investment agreements as part of their efforts to the relations with a
trading partner, trade and industry minister Anand Sharma strengthen,
said Friday.
"We have said that" yes, we are prepared for it. "We are sure," Sharma told reporters after a meeting with U.S. Trade Representative Michael Froman and other U.S. officials.
Sharma said that no date for the first round of talks on the pact, which would establish the conditions for U.S. investment in India and the other country. "No, we examined today, and we have expressed our belief," Sharma said.
The United States and China agreed this week to negotiate a bilateral investment treaty CV, a move welcomed by the U.S. economy as a sign of commitment to the new President of China, Xi Jinping to economic reform.
U.S. companies have been eager for a similar commitment to India and was disappointed a date for the talks after U.S. Secretary of State John Kerry visited the country when it was announced in late June.
Although the United States, India has a large trade deficit with China than with India, China has somewhat this year as the No. 1 target complaints from the community and members of the U.S. Congress replaced business.
In recent months there has been a flood of letters from business groups and lawmakers complain indigenous politics say they discriminate against U.S. firms or violates the intellectual property of the United States, especially for drug rights.
Sharma told reporters that India, the U.S. economy in the current perception was much more inviting but admitted he should do more to get the message across.
He also said there is no reason why the United States and India could not meet the goal of the Business Council US-India bilateral trade in goods and services by $ 500 billion per year increase in 2020, "if we make a real effort . "
"We have said that" yes, we are prepared for it. "We are sure," Sharma told reporters after a meeting with U.S. Trade Representative Michael Froman and other U.S. officials.
Sharma said that no date for the first round of talks on the pact, which would establish the conditions for U.S. investment in India and the other country. "No, we examined today, and we have expressed our belief," Sharma said.
The United States and China agreed this week to negotiate a bilateral investment treaty CV, a move welcomed by the U.S. economy as a sign of commitment to the new President of China, Xi Jinping to economic reform.
U.S. companies have been eager for a similar commitment to India and was disappointed a date for the talks after U.S. Secretary of State John Kerry visited the country when it was announced in late June.
Although the United States, India has a large trade deficit with China than with India, China has somewhat this year as the No. 1 target complaints from the community and members of the U.S. Congress replaced business.
In recent months there has been a flood of letters from business groups and lawmakers complain indigenous politics say they discriminate against U.S. firms or violates the intellectual property of the United States, especially for drug rights.
Sharma told reporters that India, the U.S. economy in the current perception was much more inviting but admitted he should do more to get the message across.
He also said there is no reason why the United States and India could not meet the goal of the Business Council US-India bilateral trade in goods and services by $ 500 billion per year increase in 2020, "if we make a real effort . "
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