Notwithstanding the frequent outbursts
against India by US President Donald Trump for its protectionist measures,
India said there has been encouraging growth in the country’s purchases of US
made civilian aircrafts (Boeing) by Indian companies and enhancement of
cooperation in the energy sector.
The Indian defense to Trumps outbursts
was led by Commerce Minister Suresh Prabhu who during two day official visit to
Washington on June 11 and 12 told the leaders of US industry India purchased
huge quantities of shale gas and Liquified Natural Gas. These purchases have
already narrowed the trade deficit between the two countries by 2017.
The Commerce Minister also pointed out
that India’s rapid economic growth will create significant new market
opportunities in other areas for US imports besides civil aviation and petroleum.
Future sales will sustain the trend of reducing the trade deficit with US and
create a balanced trade relationship between the two countries, the Indian
Foreign minister Sushma Swaraj and
defense minister Nirmala Sitaraman will be in Washington early next month to
sort out the issues of trade deficit which has dampened the relations between
the two countries during the last one year. The meeting comes in the wake of
two tweets by President Trump openly criticizing India for levying high duty on
US imports while claiming that US did not impose similar measures against
exports from India.
Mr Prabhu during his just concluded visit
to Washington held discussions with the US Trade Representative Robert E.
Lighthizer, Secretary of Commerce Wilbur L. Ross and Secretary of Agriculture
He also had a joint meeting with the
India Caucus Co-chairs Senator Mark Robert Warner and Senator John Cornyn. The
meetings were held in a friendly and cordial atmosphere, with appreciation for
each other's points of view. Discussions centered around bilateral trade and
commercial relations between the two countries and focused on finding the way
forward to address concerns of both sides.
In this context, it 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.
During 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 other stakeholders.