US trade rep Kirk keen on bilateral tie-ups

26 Oct 2009

1

Ahead of the India-US Trade Policy Forum on Monday, visiting United States trade representative Ron Kirk, said his country will push for a rigorous bilateral investment treaty between the two countries.

This, he said, was bound to promote reciprocal investment flows and lay a solid foundation for a ''robust relationship'', he told newspersons in New Delhi.

Dismissing the allegation that the Obama administration is more protectionist than earlier ones, Kirk quipped, ''What you do is more powerful than what you say. But in the global world, I have to say, what we do is more powerful than what other people say.''

He recalled US president Barack Obama's statements that the US will not step back from its commitment to free and fair trade, and pointed out that major trade agreements signed with India in the last 40 years were all done during the Democratic governments of Kennedy and Clinton.

Kirk, who will meet his Indian counterpart commerce and industry Minister Anand Sharma, is also likely to discuss the proposed bilateral investment treaty with him.

Established in July 2005, it TPF is an arrangement between the US and India to discuss trade and investment issues and government policies in this regard.

Latest articles

Turbulent skies as West Asia conflict hits Indian aviation and tourism

Turbulent skies as West Asia conflict hits Indian aviation and tourism

India’s 7-seater EV segment gains momentum as automakers target family buyers

India’s 7-seater EV segment gains momentum as automakers target family buyers

EU advances sovereign cloud strategy with multi-provider framework for sensitive data

EU advances sovereign cloud strategy with multi-provider framework for sensitive data

IEA flags tight jet fuel supply risk as aviation sector faces rising cost pressure in 2026

IEA flags tight jet fuel supply risk as aviation sector faces rising cost pressure in 2026

Suzlon Energy advances hybrid renewable strategy as financial recovery strengthens market position

Suzlon Energy advances hybrid renewable strategy as financial recovery strengthens market position

India urges protection of maritime routes as tensions rise in Strait of Hormuz

India urges protection of maritime routes as tensions rise in Strait of Hormuz

AmEx explores AI-driven expense tools as fintech competition intensifies

AmEx explores AI-driven expense tools as fintech competition intensifies

Boeing advances modular satellite strategy with Resolute platform to boost production scale

Boeing advances modular satellite strategy with Resolute platform to boost production scale

Starlink growth accelerates as SpaceX expands global satellite internet ambitions

Starlink growth accelerates as SpaceX expands global satellite internet ambitions