Presented by:
Nitin Goel
Weekly news Economic Times
India can become America's
largest trading partner: USIBC
 Obama had sought a level-playing field and an
atmosphere of ge...
'UK's small Co’s keen on India
imports’
 In the Midlands , home to Jaguar Land Rover (JLR) and the
heart of Britain’s man...
Developing infra in India is US' top
business priority
 Infrastructure development in India is its top business
priority ...
'US will always stay open'

The US has the most open market in the world
and it will continue to be that.
 US state Ohio...
Canada, India launch talks on free
trade deal
 Canada and India on Friday launched talks on a
free trade deal they said c...
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5th weekly news economic times

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5th weekly news economic times

  1. 1. Presented by: Nitin Goel Weekly news Economic Times
  2. 2. India can become America's largest trading partner: USIBC  Obama had sought a level-playing field and an atmosphere of genuine competition for American companies doing business in India.  Business leaders from both countries have expressed the need for partnership and fostering deeper ties to ensure prosperity for business and society.  India is one of the fastest growing economies in the world and President Obama's visit highlights the export opportunities available for US businesses.
  3. 3. 'UK's small Co’s keen on India imports’  In the Midlands , home to Jaguar Land Rover (JLR) and the heart of Britain’s manufacturing industry , small and medium businesses are as likely to have trade links with India as big companies.  The survey, commissioned by the Indian High Commission in London, finds that while 4% of the companies currently export products to India, around 8% actively import and 27% want to increase their exposure.  Sectors with the maximum demand for imports from India are for dressing and dying of fur, textiles, electrical machinery, motor vehicles like trailers, and furniture. Raw materials, components, and equipment are likely to form the bulk of imports.  On the export side, maximum exports are in other transport equipment, rubber, plastic products and basic metals, with parts, machinery, plastics and systems emerging as the main items.  According to the survey, about half of the respondents are interested in selling technology to Indian firms, with the keenest sectors being in medical, precision and optical instruments, post and telecommunications, fabricated metal products and textiles.
  4. 4. Developing infra in India is US' top business priority  Infrastructure development in India is its top business priority and allayed concerns about protectionism in the American economy.  India has emerged as an attractive global investment destination, and infrastructure sector alone requires investment of $514 billion for the 11th Five Year Plan.  America believes in partnership with India and to have vibrant open market that encourage trade, direct investment and brings the best product and services.  Level playing field has to be maintained to make sure that everybody who has a product or service to offer can have the opportunity to compete fairly, which would benefit everyone.
  5. 5. 'US will always stay open'  The US has the most open market in the world and it will continue to be that.  US state Ohio had banned outsourcing of the state IT contracts to foreign companies. This was preceded by Washington’s decision to hike visa fee for H-1B and L1 categories.  Infrastructure is an important area where it is believed that US companies can contribute
  6. 6. Canada, India launch talks on free trade deal  Canada and India on Friday launched talks on a free trade deal they said could boost gross domestic product in each nation by C$6 billion ($5.9 billion) a year and increase existing trade flows by 50 per cent.  The leaders of the two countries made the announcement in a news release which said both sides expect a timely conclusion of an ambitious agreement.

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