SME Times News Bureau | 13 Jun, 2018
Minister of Commerce & Industry Suresh Prabhu held
trade related talks with top US officials during his visit to the
10-12 June 2018.
Trade Representative Robert E. Lighthizer, Secretary of Commerce
Wilbur L. Ross and Secretary of Agriculture Sonny Perdue.
also had a joint meeting with the India Caucus Co-chairs Senator Mark
Robert Warner and Senator John Cornyn.
centered around bilateral trade and commercial relations between the
two countries and focused on finding the way forward to address
concerns of both sides.
was agreed that Indian and US officials would meet at a senior level
at an early date to discuss various issues of interest to both sides
and carry forward the discussions in a positive, constructive and
result oriented manner.
the visit, Suresh Prabhu also addressed business and industry leaders
in meetings organized by US-India Business Council (USIBC) and
US-India Strategic Partnership Forum (USISPF) and held meetings with
these meetings, the Minister noted the encouraging growth in trade
volumes through purchases of US-made civilian aircrafts by Indian
companies and enhanced cooperation in the area of energy, including
procurement of petroleum and LNG by India from the US.
also pointed out that India’s rapid economic growth will create
significant new market opportunities in these and other areas and
added that these purchases have already led to reduction in bilateral
trade deficit in 2017.
sales will sustain this trend and create a balanced trade
relationship between the two countries, Prabhu said.