New Delhi: India and the US should work together to remove trade barriers to increase bilateral trade and investment flows. Speaking at a seminar on US-India Trade and Investment Issues and Opportunities organised by the Confederation of Indian Industries (CII), Dr Dua said that both the countries must dismantle trade barriers to strengthen bilateral trade relationship. India remains to face delays in visa and work permits, prohibition and quotas on foreign providers, non-recognition of India''s professional qualifications and labour certification requirements.
India''s exports to the US have more than increased from $8.5 billion in 2001 to $17.3 billion in 2006 while India''s imports from the US have been increasing at a higher pace than exports during the same period. Since US is the key market for services exports from India, the Indian services export to the US has the scope to reach $65 billion by 2010. The industry secretary also pointed out that the US companies should increase investment in India''s infrastructure sectors such as roads, ports, telecom, power and airports.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment