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Joe Biden believes India-US relationship important to world peace, economic system, says US official – Instances of India- Newslength

WASHINGTON: US President Joe Biden believes that the India-US relationship is crucial to world peace, stability and financial resilience, his prime commerce negotiator has stated, noting that the 2 nations at the moment are higher positioned to work on robust points.
“President Biden believes that the relationship between our two great democracies is essential to global peace, stability and economic resilience,” US commerce consultant (USTR) Katherine Tai stated in her tackle at a reception hosted by India’s ambassador to the US Taranjit Singh Sandhu at India Home on Independence Day on Monday.
Tai, who was in India final yr, stated she witnessed an actual flavour of the nation’s vibrant tradition throughout the go to.
“While I’m always reluctant to draw comparisons among our very important trading partners around the world, I will acknowledge that Indian hospitality is hard to beat,” she stated.
India and the USA regardless of their variations are confronting very comparable challenges as they transfer additional into the twenty first century.
“Our leaders are clearly more committed than ever to addressing those challenges together, and I am very glad to be a part of that,” Tai stated.
“Well, the trade issues that I work on might be in the trickier basket of bilateral issues. I feel very, very positive about the trajectory that we are on. Our bilateral trade in goods and services is growing rapidly reaching $160 billion in 2021. And our ability to work through tough issues is also in a better place than it has been in the past,” she stated.
Tai stated it was crucial to her to affix minister of commerce Piyush Goyal in re-launching the India-US commerce coverage discussion board final yr.
“I’m looking forward to this year’s meeting of the TPF to keep the momentum going. I’m also glad that India is participating in several elements of the President’s initiative for an Indo Pacific economic framework.”
She was joined by a number of senior members of the Biden administration together with Dr Ashish Jha, the White Home Coronavirus Response coordinator; Dr Rahul Gupta, director of nationwide drug management coverage; deputy secretary of state for administration and assets Brian McKean; deputy secretary treasury division, Wally Adeyemo; deputy secretary US division of commerce Don Graves; secretary US Air Drive Frank Kendall, and Vice chairman of the Joint chiefs of employees Admiral Christopher W Grady on the event.
Astronaut and deputy administrator Nasa administrator Pamela Melroy, who’s considered one of solely two ladies to have ever commanded the area shuttle; deputy administrator for coverage and programming at USAID Isabel Holman had been additionally current on the reception.
So had been Nobel laureate Dr William D Phillips, recognized for his seminal work in physics, and a number of other members of the US-India CEOs discussion board, together with Raj Subramanyam and Punit Renjen.
“I just want to say a word about the indispensable partnership that we’ve built with India and how remarkable it is that in just 75 years, you have become our indispensable partner,” deputy secretary treasury division Adeyemo stated.
“The US was a young country struggling to figure out our place in the world, still, before our Civil War, still largely economically ignored,” he stated.
“It demonstrates how quickly India has taken the steps to both build a thriving democracy and a thriving economy, one that we seek to partner with in so many ways. And as we think about the next 75 years, the next 75 years here in the United States, the next 75 years in India, the two challenges that we face, as two of the world’s most important democracies, is how do we prove the democracy continues to deliver for our people, and I know that America working closely with India will be able to meet that challenge,” he asserted.
Deputy secretary, US division of commerce, Don Graves stated the US-India commerce relationship stays important and robust.
India is the USA ninth largest buying and selling companion in items, he stated.
“India’s responsible for nearly $13 billion in foreign direct investment in the US creating more than 70,000 jobs, employing thousands and thousands of Americans who then helped to support millions of other Americans.”
“We are excited to be doing our part at the US department of commerce to pave the way for increased trade and engagement and investment between our economies. That’s why we’re looking at new avenues for cooperation with India, including through the Indo Pacific economic framework to promote not just trade, but our shared values and our principles, including for the respect for the rule of law, shared rules of the road and high standards in priority sectors,” Graves stated.
He stated the Biden administration is working with New Delhi to take a recent have a look at the US-India Industrial Dialogue and how you can higher align it with present bilateral priorities.
“We recently appointed CEOs to the US India CEO Forum, which brings together US and Indian business executives to discuss ways to strengthen US-India commercial ties. The department will soon co-chair meetings of both the commercial dialogue and CEO forum with Minister Goyal,” Graves stated.



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