Page 42 - IACC Newsletter June 2013 Issue 11

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In the News:
Indo-US dialogue to focus on economic and trade relations
The US-India strategic dialogue starting Monday may turn into the most contentious yet with Washington expected to
lean on New Delhi on key economic and trade issues.
India will push back explaining once again its position on contentious issues — preferential market access, IPR laws and
multi-brand retail. It will also be raising concerns about the US immigration reforms seemingly targeting Indian
technology firms operating in the US.
Kerry will put forward concerns raised by US lawmakers and businesses about restrictive trade practices. "There has
been a lot of concern on the part of the American business community about what they see is growing obstacles to
trade and investment," said assistant secretary of state Robert Blake at a Washington DC think tank event previewing US
priorities for the dialogue.
US lawmakers and business bodies have demanded the government to build pressure on India to address the issues.
"The fact that 170 members of the House have signed a letter, and a large number of senators as well," Blake said,
adding, "India is trying to lobby them on comprehensive immigration reform, it's a bit tough for them to do that when
there is this overhang of kind of negative viewpoint about trade."
Economic and trade issues are central to India-US ties with bilateral trade touching $100 billion in 2012, and growing at
6% in the first four months of 2013.
In a video message on the visit, Kerry said, "Over the last decade, our bilateral trade has, believe it or not, grown five-
fold." He didn't mention the differences pointed by officials.
US goal at the dialogue, Blake said, will be to "reinvigorate" talks on Bilateral Investment Treaty and the Trade Policy
Forum. BIT is held up because of an internal review by India, but the trade forum went into disuse because of the
unavailability of the US Trade Representative, who co-chairs it.
Growth prospects: US keen to invest in state’s IT sector
The United States of America has expressed keen interest in exploring investment opportunities in Haryana, especially in
the field of information technology and food processing. The US ambassador, Nancy J Powell, called on Haryana chief
minister Bhupinder Singh Hooda in Chandigarh on Wednesday, describing her visit to the state as an opportunity to
meet political and business leaders in the state. US-based multinational companies have invested about R1,000 crore in
the state, out of which 165 companies collaborated financially or technically in various projects.
During the meeting, the chief minister apprised Powell about development works taking place in Haryana. He said that
the state has more than 1,000 industrial units where leading firms such as Timex, Whirlpool, General Electric, Mobil
Petroleum, Hollister, Mars, Volvoline, Amazon, Carrier and Harley Davidson, have invested or collaborated with Indian
companies.
Hooda said that Haryana stood first in terms of per capita investment in the country and the state also figures among
top states in terms of per capita income.
While the Central Government had honored the state with Krishi Karman Award twice, Haryana is also number one in
wheat production along with highest resource mobilization among Indian states. Talking about steps taken by the state