Trade between India and US could cross USD 100 bn this year

Trade between India and theUS has increased by 40 per cent since the launch of India-USStrategic Dialogue by the Obama Administration three years agoand could cross the USD 100 billion mark this year, a senioradministration official said.

The elevation of India-US relationship to that of astrategic dialogue in 2009 has produced real results for thewell-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 washeld in June this year.

"To take one example, the trade between our two countriesis up 40 per cent since we began our strategic dialogue threeyears ago, and it may exceed, we hope, USD 100 billion thisyear," he added.

Blake was addressing the Indian American community at anevent organised by the National Council of Asian IndianAssociations (NCAIA).

"Since India's independence, and most notably over thelast decade, we have woven the tapestry of cooperation intoone of the broadest and deepest bilateral relationships in theworld. Today, this is a relationship that knows no limits," hesaid.

"On virtually every field of human endeavor, the US andIndia are partnering to shape a more secure and prosperousenvironment not just in our two countries, but throughout theworld," he added.

The US official appreciated the role of the IndianAmerican community in strengthening ties between the twocountries.

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