Search Result for : Us India Trade

The Dollar Business Bureau A business activity group said that the number of reforms announced by India for boosting Foreign Direct Investment (FDI) in several sectors will strengthen the bilateral trade between US and India. Mukesh Aghi, President, US-India Business Council (USIBC) on Monday said, “The broadened scope of FDI regime in sectors such as defence, broadcasting services, civil aviation and pharmaceuticals will give a fillip to the bilateral trade potential of US and India.” The USIBC said that to liberalise the FDI regime in civil aviation, defence, pharmaceutical sector and broadcasting services just after the Prime Minister’s visit to the US earlier this month has boosted the confidence of the investors.  Aghi said, “We appreciate the decision of the government for liberalisation of FDI ...

The Dollar Business Bureau On the eve of the arrival of Prime Minister Narendra Modi in Washington, the White House has said that the visit will highlight the collaboration and “shared leadership” between US and India on the world stage. A senior administration official said that the PM Modi’s visit to the US celebrates the outstanding transformation in US-India relations. In the last seven years, both countries have cemented a long lasting bond of friendship, developed on democratic values, open cultures, and admiration for a rule-based order. “From discussions on climate change and clean energy solutions, to strengthening their economic and trade relations, to protecting cyberspace as a driver for growth, to protecting their shared spaces on the sea, in air ...

The Dollar Business Bureau Ahead of Prime Minister Narendra Modi's forthcoming visit to the US next week, a US business advocacy group, US India Business Council (USIBC), has asked President Barack Obama’s administration to re-introduce the bilateral investment treaty (BIT) negotiations with the Indian government at its earliest."The US Government should consider formally re-launching our bilateral investment treaty (BIT) negotiations with the Government of India as soon as possible," the USIBC president Mukesh Aghi said in his letter. "While both governments took a break from the negotiations on account of revising the model BITs, it is important for us to come back to the negotiating table to develop a way-forward on concluding a high-quality BIT," the letter said. The council, which ...

The Dollar Business Bureau With an aim to boost bilateral ties between India and the US, two American senators have proposed a legislative bill to the Congress. The bill bears the potential to upgrade the status of Indo-US ties and put India on par with America’s close defence allies like Israel-NATO. The legislation ‘US India Defence Technology and Partnership Act,’ which was introduced by the co-chairs of Senate India Caucus, has been sent to the Senate Foreign Relations Committee for approval. The act, while sending strong indication to India that the US is an infallible defense partner, it will direct the focus of the US government on Indo-US security ties. The bill was proposed in the Senate by Mark Warner and John Cornyn. According ...

Source: The Dollar Business Bureau In the backdrop of an increasing tax evasion and terror financing incidents across the globe, India and the US on Thursday agreed to strengthen their cooperation in sharing cross-border tax-information and tackling tax evasion and avoidance. “We are committed to continued collaboration and sharing of experience in tackling offshore tax evasion and avoidance, including joint tax audits and tax examination abroad,” a joint statement issued by Finance Minister Arun Jaitely and US Treasury Secretary Jacob J. Lew said. On Thursday, Jaitley and Lew held a meeting on the sidelines of the sixth annual US-India Economic and Financial Partnership (EFP), which was also attended by the Reserve Bank of India (RBI) Governor Raghuram Rajan and Federal Reserve Chair Janet ...

Source: PTI The India-US commercial relationship has a busy calender ahead in the next 12 months, which is aimed at encouraging greater ambition in expanding bilateral trade and addressing market access challenges facing US companies, a senior Obama administration official has said. “In the coming months, our commercial engagement will be focused on encouraging greater ambition in expanding US-India trade and address market access challenges facing US companies,” Arun M Kumar, Assistant Secretary of Commerce for Global Markets and Director General for the US and Foreign Commercial Service told a think-tank this week. In February next year Deputy Secretary of Commerce Bruce Andrews would lead a high powered Infrastructure Trade Mission to India. The two countries would also hold their meeting ...

Sai Nikesh | The Dollar Business Despite the positive signs of strengthening trade between the United States and India, there also exist few challenges before the two nations, which they need to overcome to ensure comfortable bilateral trade. The very first contention between the countries over trade occurs at the point of Bilateral Investment Treaty (BIT) of the two countries. While India wants to put Intellectual Property Protections (IPP) and taxations out of the scope of India-US BIT, the US is unlikely to accept India’s position on the matter. The real ideology difference between the countries arise at this juncture, where the American pharmaceutical companies wants India to strengthen its regulatory regime and allow US style of patent policy, ...