India along with US to encourage free trade for regional economic integration
The Dollar Business Bureau “As leaders of the world’s two largest democracies that bridge the Asia-Pacific and Indian Ocean region the partnership between the United States and India is indispensable to promoting peace, prosperity and stability in those regions and we have agreed on a Joint Strategic Vision for the region,” said a release from the PMO. “India and the United States are important drivers of regional and global growth,” the release said, and added, “From Africa to East Asia, we will build on our partnership to support sustainable, inclusive development, and increased regional connectivity by collaborating with other interested partners to address poverty and support broad-based prosperity.” The release also said that in order to achieve this regional vision, both the countries will develop a roadmap that leverages their respective efforts to increase ties among Asian powers, enabling both the nations to better respond to diplomatic, economic and security challenges in the region. As part of these efforts, the United States welcomed India's interest in joining the Asia Pacific Economic Cooperation forum, as the Indian economy is a dynamic part of the Asian economy. Over the next five years, both the countries will strengthen their regional dialogues, invest in making trilateral consultations with third countries in the region more robust, deepen regional integration, strengthen regional forums, explore additional multilateral opportunities for engagement, and pursue areas where they can build capacity in the region that bolsters long-term peace and prosperity for all, said the release.
This article was published on January 28, 2015.