India, U.S. Trade In Goods Touch An All-Time High In 2013

The U.S. India Business Council, the premier advocacy group for American businesses in India, believes that the two sides have a potential to significantly increase this trade further.

The report came as an Indian delegation led by Prabhat Kumar Mishra, Joint Secretary (Investment), resume talks here for a U.S. and India Bilateral Investment Protection and Promotion Agreement with their U.S. Government counterparts.

"A quality agreement would propel U.S.-India commercial relations to a new level. We hope to encourage the talks and hear from the Joint Secretary as to what progress has been made and what industry can do to help bring us across the finish line," USIBC said.

In recent years, the two countries have developed several dialogue mechanisms to strengthen bilateral engagement on economic and trade issues, including a Ministerial Trade Policy Forum (TPF) and a Ministerial Economic and Financial Partnership. The last Meeting of India-US Financial and Economic Partnership was held in New Delhi in October 2012.

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