US, India Expand Commercial Ties

Vikrant

Gold Member
Apr 20, 2013
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The U.S.
For what's it worth, I welcome this expansion.

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The commercial and energy side of the talks were more comprehensive. The United States welcomed the electoral victory of the Bharatiya Janata Party (BJP) in last year’s general elections in India, perceiving the party as one more favorable to continuing India’s overall economic liberalization, which it has been. In the most recent talks, the U.S. side emphasized its satisfaction with the Modi government’s ongoing reforms. The two sides also announced new initiatives, including a “joint work stream” intended to facilitate the sharing of “best practices on cross- border trade, and to continue commercial law-related initiatives on issues like insolvency and contract enforcement, and transparency.” At the conclusion of the talks, Pritzker cited the aforementioned helicopter deal with Boeing as a “clear indication of Prime Minister Modi’s leadership in improving the ease of doing business in his country.”

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US, India Expand Strategic and Commercial Ties
 

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