JOIN US“Each of our countries can do more to reduce barriers, open our markets, and find new opportunities for economic partnership,” Clinton, said at a joint press conference with External Affairs Minister S M Krishna here. The US-India trade in 2010 increased by 30 per cent to $49 billion with the balance of trade in India’s favour to the tune of over $10 billion.
According to Clinton, the trade and investment ties between both countries are strong. She also welcomed growing Indian investment in the US. “The United States is proud to be one of India’s largest trading partners and direct investor, and we welcome India’s investment in the US.”
The joint statement said negotiations for the bilateral investment treaty (BIT) would resume in August in Washington Some of the important announcements were: - Bilateral Aviation Safety Agreement signed, allowing Indian companies to supply components to US aerospace sector
- The US government’s Overseas Private Investment Corporation (OPIC) intends to infuse up to $820 million for renewable energy sector projects in 2011, etc.