
President Barack Obama on Saturday began his 3-day visit to India with a surprise announcement of business deals worth $10 billion in aviation, power and other sectors that will create 50,000 jobs in the US, but he made a strong pitch for New Delhi reducing trade barriers.
Seeking to double bilateral trade and create employment in the two nations, he asked why India could not be US' top trading partner from the 12th position now.
Making the trip against the backdrop of strong electoral reverses on top of slow economic recovery, evidenced by the high unemployment rate, Obama appeared to strongly bat for American access to Indian market, saying US companies wanted to invest more in India.
"Infrastructure, greater trade barriers and other issues still pose some serious challenges. Today, India is making major investments in its infrastructure and creating greater transparency to support growth and entrepreneurship.
"Going forward that commitment must be matched by a steady reduction in barriers to trade and foreign investments from agriculture to infrastructure, from retail to telecom, because in a global economy new growth and jobs flow to countries that lower barriers to trade and investment," Obama said in his address to the US India Business Council as he began his maiden visit to India."
ABN

0 comentarii:
Trimiteți un comentariu