USIBC launches move to deepen bilateral trade, investment
Sunday, 18 November 2007
WASHINGTON, Nov 17 (PTI): The US-India Business Council (USIBC), a business advocacy group, has launched a comprehensive initiative to deepen two-way trade and investment between Washington and New Delhi.
"USIBC's ultimate goal is to unleash market forces supporting free trade and investment in a socially-sustainable manner between the United States and India," Ron Somers, President of the Council said.
The initiative will focus on the principal trade and investment barriers of commercial significance to USIBC member companies and will build towards substantial market opening arrangements designed to bring broadly inclusive growth to both countries.
USIBC, working with stakeholders in the US and India, seeks to change the paradigm on US-India trade and develop broad-based support in both countries for a robust trade and investment relationship appropriate for these dynamic economies and strategic partner, the Council has said in a release.
Somers is a member of the Private Sector Advisory Group (PSAG), a small group of global trade experts and business leaders from both India and the US which was recently established to advise and support Ambassador Susan Schwab and Commerce Minister Kamal Nath on moving the bilateral trade relationship forward.
USIBC has selected the Washington-DC based international law firm of Steptoe & Johnson LLP to assist in developing and advancing this strategic trade initiative.
"USIBC's ultimate goal is to unleash market forces supporting free trade and investment in a socially-sustainable manner between the United States and India," Ron Somers, President of the Council said.
The initiative will focus on the principal trade and investment barriers of commercial significance to USIBC member companies and will build towards substantial market opening arrangements designed to bring broadly inclusive growth to both countries.
USIBC, working with stakeholders in the US and India, seeks to change the paradigm on US-India trade and develop broad-based support in both countries for a robust trade and investment relationship appropriate for these dynamic economies and strategic partner, the Council has said in a release.
Somers is a member of the Private Sector Advisory Group (PSAG), a small group of global trade experts and business leaders from both India and the US which was recently established to advise and support Ambassador Susan Schwab and Commerce Minister Kamal Nath on moving the bilateral trade relationship forward.
USIBC has selected the Washington-DC based international law firm of Steptoe & Johnson LLP to assist in developing and advancing this strategic trade initiative.