India-U.S. trade crossed $24.7 bn in 2002
NEW DELHI: Giving the break-up of the trade figure, Minister of State for External Affairs Vinod Khanna said in a written answer in the Lok Sabha that while merchandise trade accounted for $15.9 billion, IT and related services contributed $8.8 billion.
He noted that India and the U.S. signed on February 5 in Washington a statement of principles to further promote and facilitate high technology commerce, including trade in dual-use goods and technologies.
"The implementation of the statement is expected to accelerate India-U.S. trade in goods and services, which grew by 15 per cent in 2002 over the level in 2001.
"Further it would also enhance India's access to controlled dual-use goods and technologies from the U.S," he added.
Source: IANS