Indo-U.S trade could cross $100 Billion by end 2012
Date: Tuesday , September 04, 2012
Trade between India and the U.S. has increased by 40 percent since the launch of India-U.S. Strategic Dialogue by the Obama Administration three years ago and is estimated to cross the $100 billion mark this year, a senior administration official said.
The elevation of India-U.S. relationship to that of a strategic dialogue in 2009 has produced real results for the well-being and security of the people of the two countries, the Assistant Secretary of State for South and Central Asia, Robert Blake, said.
The third annual session of the strategic dialogue was held in June this year. "To take one example, the trade between our two countries is up 40 percent since we began our strategic dialogue three years ago, and it may exceed, we hope, $100 billion this year," he added.
Blake was addressing the Indian American community at an event organized by the National Council of Asian Indian Associations (NCAIA).
"Since India's independence, and most notably over the last decade, we have woven the tapestry of cooperation into one of the broadest and deepest bilateral relationships in the world. Today, this is a relationship that knows no limits," he said.
"On virtually every field of human endeavor, the U.S. and India are partnering to shape a more secure and prosperous environment not just in our two countries, but throughout the world," he added. The U.S. official appreciated the role of the Indian American community in strengthening ties between the two countries.