Trade Agreements Between India And Usa

In July 2005, Bush received Prime Minister Manmohan Singh in Washington, D.C. The two heads of state and government announced the success of the NSSP and other agreements that strengthened cooperation in the fields of nuclear, civil and high-tech civil trade. Other initiatives announced included the U.S.-India economic dialogue, HIV/AIDS, disaster relief, technological cooperation, a knowledge initiative for agriculture, a trade policy forum, an energy dialogue, a CEO forum and a reciprocity initiative to promote democracy and freedom. [232] President Bush delivered India in March 2006, during which the progress of these initiatives was reviewed and new initiatives were launched. First a nuclear deal, then a free trade agreement. The Us India Business Council is working on plans to prepare and implement a roadmap for a free trade agreement between the United States and India. Other Asian nations considering trade agreements with the West, Vietnam has already tinted one Economic sanctions imposed by the United States in response to India`s nuclear tests in May 1998 seemed, at least initially, to seriously damage Indo-American relations. President Bill Clinton imposed large-scale sanctions under the Nuclear Proliferation Prevention Act of 1994. U.S. sanctions against Indian entities active in the nuclear industry and opposition to loans from international financial institutions for non-humanitarian aid projects in India. The United States has encouraged India to sign the Comprehensive Nuclear-Test-Ban Treaty (CTBT) without delay and unconditionally. The United States also called for restraint on the missile and nuclear missile tests and their deployment by India and Pakistan. The dialogue on non-proliferation, launched following the 1998 nuclear tests, has bridged many of the differences in agreement between countries.

In June 2010, the United States and India formally resumed the strategic dialogue between the United States and India under President Bush, when a large delegation of senior Indian officials, led by Foreign Minister S.M. Krishna Washington, D.C visited. As head of the U.S. delegation, Secretary Clinton hailed India as “an indispensable partner and trusted friend.” [103] President Obama spoke briefly at a U.S. State Department reception to affirm his firm belief that America`s relationship with India will be “one of the defining partnerships of the 21st century.” [104] The strategic dialogue produced a joint statement in which the two countries pledged to “deepen the links between people, businesses and ties between governments… For the mutual benefit of both countries and the promotion of peace, stability, economic growth and prosperity. [105] He described important bilateral initiatives in each of the following ten key areas: (1) promoting global security and combating terrorism, (2) disarmament and non-proliferation, 3) trade and economic relations, 4) high technology, 5) energy security, clean energy and climate change, 6) agriculture, 7) education, (8) health, (9) science and technology and (10) development. [106] In late September 2001, President Bush rescinded sanctions imposed following India`s May 1998 nuclear tests under the Nuclear Proliferation Prevention Act 1994.

A number of dialogues on non-proliferation have bridged many of the differences in agreement between countries.

Originally published on April 13, 2021