CCTV.com - CNTV English - CCTV News

Hillary Clinton highlights progress in U.S.-India relations

06-14-2012 09:21 BJT

WASHINGTON, June 13 (Xinhua) -- U.S. Secretary of State Hillary Clinton on Wednesday highlighted the progress made in the U.S.- India relations in areas including trade, investment and nuclear energy.

At a press conference after the annual U.S.-India strategic dialogue, Clinton said the "strategic fundamentals" of the relationship are pushing the two countries' interests into "closer convergence".

"Today there is less need for dramatic breakthrough that marks earlier phases in our relationship, but more need for steady, focused cooperation aimed at working through our differences and advancing the interests and values that we share," said Clinton, alongside Indian Minister of External Affairs Shri S.M. Krishna.

Since he took office in 2009, U.S. President Barack Obama has vowed to build a strong partnership with India. However, some observers believe the relationship has been overstated.

Clinton cited the preliminary deal signed by Westinghouse Electric and India's Nuclear Power Corporation on Tuesday to build nuclear reactors in India, as progress in civil nuclear energy.

The agreement committed both companies to work toward the preliminary licensing and site development work needed to begin construction of new reactors in Gujarat, a western state of India.

Despite "a lot of work" that still needs to be done, Clinton hailed it as a "significant step toward the fulfillment of the landmark U.S.-India nuclear agreement."

Some in America have complained that the nuclear agreement signed during the Bush administration in 2008 has been so radically altered by India's parliament that U.S. businesses may be frozen out of the market.

On the economic front, Clinton said on Wednesday morning that the bilateral trade and investment may exceed 100 billion U.S. dollars this year, a 40 percent growth since 2009.

"There's a lot of room, however, for further growth, and we need to keep up the momentum," she noted, adding that Washington looks forward to further reduce barriers to trade and investment in areas like multi-brand retail.

In November last year, Indian government changed its plan on allowing multi-national corporations like Wal-Mart to access its retail sector, fueling frustration among the American business community.

On security and defense cooperation, Clinton said bilateral defense trade has surpassed eight billion dollar over the last five years, which is a great progress.

Clinton also mentioned other progress areas such as education, people-to-people ties and the handling of Iran's disputed nuclear program.

For his part, Krishna said the two countries were making tangible and continuous progress on areas from trade to energy to higher education.

Editor:Sun Luying |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program