Economics, Trade and Agriculture
At the close of U.S. Secretary of State Hillary Rodham Clinton's meetings with the Government of India July 20, 2009, the two governments issued a joint statement regarding their intentions to accelerate the growth of their bilateral relationship to enhance global prosperity and stability in the 21st century. The two governments outlined a Strategic Dialogue that will focus on five principal pillars: strategic cooperation; energy and climate change; education and development; economics, trade and agriculture; science and technology, health and innovation. Through a coherent structure of bilateral working groups, the two governments will address a wide range of issues with the goal of producing concrete results.
Economics, Trade and Agriculture working groups will continue and strengthen our discussions on business, trade and food security. Here are some of the activities between the two governments that are advancing economics, trade and agriculture cooperation.
Ambassador Roemer's Opening Remarks at the Overseas Private Investment Corporation's Renewable Energy & Clean Technology Conference, May 6, 2010
"This partnership is the result of the U.S. - India Strategic Dialogue, which has broadened and deepened our bilateral relationship in several key areas, including energy and climate change cooperation. On clean energy, our range of engagement with India is wide and far-reaching, covering financing, investment, trade, research, and exchanges."
Ambassador Roemer and President and CEO of the U.S. Chamber of Commerce Tom Donohue met in New Delhi to discuss economic and commercial issues, April 13, 2010
"By looking to new markets abroad, American businesses remain at the point of the spear in strengthening U.S. international relations," Donohue said April 8, 2010. "In no country is this more evident than in India, but our work is just beginning. India is a vital market for American companies and increasing bilateral trade and investment ties is necessary to driving job creation and innovation in both countries."
Statement by Secretary Geithner at launch of U.S.-India economic and financial partnership, April 6, 2010
"We meet at a time of encouraging prospects for the U.S. and Indian economies, and the beginnings of global economic recovery."
Assistant Secretary Blake on Agriculture and Trade
'U.S. India trade has more than doubled in last 5 years'
In a speech at the Chicago Council on Global Affairs Februay 18, 2010, U.S. Assistant Secretary for South and Central Asian Affairs Robert O. Blake said, "The Prime Minister and President acknowledged that our relationship should have a greater focus on working together to improve agriculture. Agriculture and related activities contribute about 20 percent of India's GDP, but 70 percent of the country lives in the countryside; and about 50 percent of the population have farm-related jobs." He added, "Our total trade has more than doubled just in the last 5 years. The better news for American companies is that while U.S. imports from India doubled between 2003 and 2008, U.S. exports to India grew by a factor of three and a half over the same time period."
Commercial Nuclear Suppliers visit India, December 11, 2009
Delegates of the fifth U.S. Commercial Nuclear Mission to India, representing 30 of the leading commercial nuclear suppliers from the United States and showcasing some of the world's leading technologies, concluded a week-long visit to India December 11, 2009. During the visit, the delegation, led by Westinghouse Electric's Vice President Meena Mutyala and GE-Hitachi Nuclear Energy's Senior Vice President Daniel Roderick, met with government officials and business counterparts in Delhi and Mumbai.
American food organizations say Namaste to India, December 2-4, 2009
High quality food and agricultural products from the United States are on display at the U.S. Pavilion of the "International Food & Drink Expo India 2009" in New Delhi, December 2-4, 2009. The cooperation between the United States and India in the fields of food and agriculture is one of the key elements of the U.S.-India strategic partnership which encompasses all fields of human endeavor. Together, the United States and India are focused on sustainable growth of the global economy for the 21st century to benefit their citizens and to create jobs in both countries.
President Obama and PM Singh announce U.S. - India Cooperation in Economics, Trade, and Agriculture, November 24, 2009
The United States, the world's largest economy, and India, one of the world's fastest growing economies, are committed to working together to stimulate a global economic revival, to strengthen global economic and financial institutions, to work toward a balanced and ambitious outcome in the Doha Round negotiations, and to promote global food security.
Meeting of the United States - India CEO Forum, November 23, 2009
The U.S.-India CEO Forum brought together leaders of the U.S. and Indian business communities - approximately ten from each side across various industry sectors - with senior government officials on November 23. Forum members conveyed their interest in working on recommendations on how the public and private sectors can work together to strengthen economic and commercial ties between the two countries, stimulate innovation, spur job creation, and promote sustainable inclusive growth.
Launch of a new Agriculture Dialogue, November 24, 2009
President Obama and Prime Minister Singh launched a new Agriculture Dialogue and agreed on a Memorandum of Understanding on Agricultural Cooperation and Food Security that will set a pathway to robust cooperation between the governments in crop forecasting, management and market information; regional and global food security through the L'Aquila Food Security Initiative; science, technology, and education; nutrition; and expanding private sector investment in agriculture. The United States and India expect cooperation under the agreement to expand access to knowledge to improve productivity, safety, and nutritional quality of food crops; to strengthen market institutions and foster growth of agribusiness investment and improve food security and access to adequate quantities and quality of food, particularly for women and young children.
Renewed bilateral cooperation in the field of intellectual property, November 24, 2009
A Memorandum of Understanding between the Department of Commerce's United States Patent and Trademark Office and Indian Ministry of Commerce and Industry will focus on human resource development, capacity building and public awareness programs in intellectual property protection and enforcement.
United States trade representative Ron Kirk travels to New Delhi for trade policy forum, October 23, 2009
United States Trade Representative Ron Kirk traveled to New Delhi in advance of the sixth ministerial-level meeting of the United States-India Trade Policy Forum (TPF) on Monday, October 26.