Wednesday, June 18, 2008
United States wants India to move forward on controversial nuclear deal in Doha
The U.S. wants India to quickly move forward on their civil nuclear deal, shoulder its "international responsibilities" as an important global economic power and stop being "a roadblock" in the Doha world trade talks.
Washington also hopes India will make more progress in areas such as caps on foreign equity in retail, insurance, and financial services. It would like to see more protection for intellectual property, particularly in the life sciences, where India seeks to attract more investment.
"Indeed, we hope India will propel the bilateral relationship forward by working with us on a high-standard bilateral investment treaty," U.S. Under Secretary of Commerce for International Trade Christopher Padilla said herein Washington on June 9, at a panel discussion on 'U.S.-India Synergy: Facing the Economic Challenges of the 21st Century' at the Heritage Foundation, a conservative think tank.
"The benefits for India are clear, and we hope that India's government will choose to move forward as quickly as possible to fully realize the potential of this historic agreement," Padilla said. "It would be tragic for India to forgo this opportunity for a strategic partnership with the United States."
India is proof of the remarkable effects that opening up an economy can have on a country's citizens, Padilla said. "So it is disappointing that India has been a roadblock to success in the Doha negotiations," insisting that it and other developing countries be protected from any real market opening in industrial goods or agriculture or services, while it asks developed countries to do ever more, he said.
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To read the ePaper, visit: http://www.newsindia-times.com
Washington also hopes India will make more progress in areas such as caps on foreign equity in retail, insurance, and financial services. It would like to see more protection for intellectual property, particularly in the life sciences, where India seeks to attract more investment.
"Indeed, we hope India will propel the bilateral relationship forward by working with us on a high-standard bilateral investment treaty," U.S. Under Secretary of Commerce for International Trade Christopher Padilla said herein Washington on June 9, at a panel discussion on 'U.S.-India Synergy: Facing the Economic Challenges of the 21st Century' at the Heritage Foundation, a conservative think tank.
"The benefits for India are clear, and we hope that India's government will choose to move forward as quickly as possible to fully realize the potential of this historic agreement," Padilla said. "It would be tragic for India to forgo this opportunity for a strategic partnership with the United States."
India is proof of the remarkable effects that opening up an economy can have on a country's citizens, Padilla said. "So it is disappointing that India has been a roadblock to success in the Doha negotiations," insisting that it and other developing countries be protected from any real market opening in industrial goods or agriculture or services, while it asks developed countries to do ever more, he said.
To read the full article, click here...
To read the ePaper, visit: http://www.newsindia-times.com
Labels: agriculture, controversial, Doha, Economic Challenges, india, India's government, nuclear deal, real market, United states, Washington
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