WASHINGTON: India is an ideal partner and great place for the United States to figure out methods to grow the economies of the 2 international locations and get win-win solutions, US secretary of state Mike Pompeo has stated as he pushed for the additional liberalisation of the Indian economy.
The Trump administration is trying to take down monetary barriers and non-tariff barriers, and create open markets in step with the central ideas that they hang right here within the United States, he stated.
"But we remain open to dialogue and hope our Indian friends will drop their trade barriers and trust in the competitiveness of their exporters and private-sector companies," Pompeo stated.
The US can even push for the free waft of data throughout borders — no longer just to assist American corporations — but to give protection to information and make sure shopper privateness, he stated.
"I think that makes India a perfect partner and a great place for us to figure out how to grow our economies and get win-win solutions for both nations," Pompeo stated in his keynote cope with to the India Ideas Summit of the United States India Business Council (USIBC) on Wednesday.
"That is, when you invest, your return on investment often extends beyond any particular Congress or any particular administration," the highest American diplomat stated.
If the United States executive can lay the foundation, Pompeo stated, the businesses will take risk, invest capital right here and in India, and will grow either side of the relationship.
"India, by purchasing oil and gas from the US, can have a fully diversified energy portfolio where it doesn't have to rely on nations that aren't as reliable as the United States and have good outcomes, outcomes that their business leaders can count on, and frankly that Americans thinking about investing in India can count on as well," he stated.
"Countries that have partnered with us and chosen to invest alongside us and opened their markets and prepared to allow American businesses to invest on the same terms in their country that their country has permitted to invest here, and that we get fair and reciprocal trade, they've seen America open up to them, and seen the real opportunity," he stated.
America's energy sector, Pompeo stated, provides an actual opportunity for American businesses and for global growth as neatly.
"We've been blessed with abundant reasonably priced energy proper right here within the United States, and we are now out producing it at huge levels, no longer just crude oil but natural gas as neatly.
"On our side now we have got to be sure that we build out the infrastructure that's essential, so that we've got the infrastructure so that we will be able to deliver it and supply those alternatives," he stated.
"And then the state division's role is to be sure that we are out speaking about that, sharing with other international locations that we will be able to be a reliable partner for his or her energy," Pompeo added.
The Trump administration is trying to take down monetary barriers and non-tariff barriers, and create open markets in step with the central ideas that they hang right here within the United States, he stated.
"But we remain open to dialogue and hope our Indian friends will drop their trade barriers and trust in the competitiveness of their exporters and private-sector companies," Pompeo stated.
The US can even push for the free waft of data throughout borders — no longer just to assist American corporations — but to give protection to information and make sure shopper privateness, he stated.
"I think that makes India a perfect partner and a great place for us to figure out how to grow our economies and get win-win solutions for both nations," Pompeo stated in his keynote cope with to the India Ideas Summit of the United States India Business Council (USIBC) on Wednesday.
"That is, when you invest, your return on investment often extends beyond any particular Congress or any particular administration," the highest American diplomat stated.
If the United States executive can lay the foundation, Pompeo stated, the businesses will take risk, invest capital right here and in India, and will grow either side of the relationship.
"India, by purchasing oil and gas from the US, can have a fully diversified energy portfolio where it doesn't have to rely on nations that aren't as reliable as the United States and have good outcomes, outcomes that their business leaders can count on, and frankly that Americans thinking about investing in India can count on as well," he stated.
"Countries that have partnered with us and chosen to invest alongside us and opened their markets and prepared to allow American businesses to invest on the same terms in their country that their country has permitted to invest here, and that we get fair and reciprocal trade, they've seen America open up to them, and seen the real opportunity," he stated.
America's energy sector, Pompeo stated, provides an actual opportunity for American businesses and for global growth as neatly.
"We've been blessed with abundant reasonably priced energy proper right here within the United States, and we are now out producing it at huge levels, no longer just crude oil but natural gas as neatly.
"On our side now we have got to be sure that we build out the infrastructure that's essential, so that we've got the infrastructure so that we will be able to deliver it and supply those alternatives," he stated.
"And then the state division's role is to be sure that we are out speaking about that, sharing with other international locations that we will be able to be a reliable partner for his or her energy," Pompeo added.
US secy Mike Pompeo calls India 'perfect partner'
![US secy Mike Pompeo calls India 'perfect partner']()
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June 13, 2019
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