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US, India eye closer strategic ties

06-14-2012 14:10 BJT

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The US-India Strategic Dialogue is underway in Washington. The new round of high-level talks between the two countries comes after global business groups, including American ones, raised concerns that India was not moving fast enough with its reforms and was still reluctant to open up its economy.

A push for closer ties.

US Secretary of State, Hillary Clinton says bilateral relations have blossomed recent years, with two-way trade and investment growing by 40 percent since 2009.

US Secretary of State Hillary Clinton (R) speaks with Indian Minister of External Affairs
S.M. Krishna during the US-India Strategic Dialogue at the State Department
in Washington.

Bu she says there's still more room for further growth.

Clinton says, "We reviewed the progress that we have made together and acknowledged that there is still more room for growth, investment and business ties. We need to advance negotiations on a bilateral investment treaty, further reduce barriers to trade and investment in our two countries, create more hospitable environments for companies to do business. And, I was pleased that just yesterday Westinghouse and the Nuclear Power Corporation of India signed an agreement that will speed construction of new power plants in Gujarat and help India meet its energy needs."

For his part, Indian Foreign Minister S.M. Krishna echoed Clinton's speech.

S.M. Krishna says, "The Indian economy will restore investors' confidence and regain growth momentum. I have great confidence in the future of our economic partnership. Our ties of trade, investment, and innovation are growing in both directions."

The two countries cooperate on education, energy and climate change, science and technology, and health.

But India has struggled to deliver on the sort of economic reforms that Washington wants, changes that would provide more opportunities for US businesses.

Editor:Zhang Jianfeng |Source: CNTV.CN

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