国际英语新闻:U.S. to strengthen trade relations with India
Kirk and Indian Commerce Minister Anand Sharma met Tuesday in Washington to discuss a range of issues for the U.S.-India Trade Policy Forum (TPF) meeting in India scheduled for Oct. 26.
"India is one of the largest and one of the most important trade partner for the U.S.. In 2008, the total volume of goods and service being traded between India and the U.S. totaled 41 billion dollars." Kirk said. "I know that is an impressive number, we believe it can and should be higher."
"By improved market access to India, we can create new jobs here in America," Kirk added.
The TPF is the main policy tool for the bilateral trade agenda, and the United States and India are working together to create greater opportunities for trade and investment.
Since Indian Prime Minister Manmohan Singh's visit to the United States in July 2005, during which a number of trade and economic initiatives were announced, the office of the U.S. Trade Representative (USTR) has engaged with India on trade and investment matters through a number of venues.
An interagency collaboration, the USTR-led TPF is the principal trade dialogue between the United States and India. It has five Focus Groups: Agriculture, Investment, Innovation & Creativity (intellectual property rights), Services, and Tariff & Non-Tariff Barriers.
Besides bilateral trade relationship, Kirk and Sharma acknowledged the productive Doha Round discussions that took place last week in Paris.
Kirk said the two sides have shared desire of commitment to make progress of the Doha development agenda and will talk about cooperation to put the WTO's Doha round talks on a more successful path to conclusion.
Latest data show that India was the United States' 17th largest goods export market and the 18th largest supplier of goods imports in 2008.
The U.S. goods trade deficit with India was 8 billion dollars in 2008.
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