2. Commercial Dialogue envisaged in the statement
“India-U.S. Relations: A Vision for the 21st
Century” made by the Prime Minister of India
and the President of the United States of
America on 23rd March, 2000 at New Delhi; For
the further development and strengthening of
commercial, trade and investment ties between
Indian and U.S. private sectors are shared.
Date 28/12/2014
2
3. These Terms of Reference are intended to
provide a general framework to guide the
development and maintenance of a public
sector-private sector dialogue on commerce
between India and the United States. This
public-sector dialogue is envisaged to be an
element of a broader economic/commercial
dialogue between the two governments.
Date 28/12/2014
3
4. The Dialogue is a cooperative undertaking to
facilitate regular discussion to deepen ties
between the Indian and the American
business communities.
This will be a forum where emerging issues
affecting bilateral trade may also be
discussed
Date 28/12/2014 4
5. Date 28/12/2014
5
To ensure regularity in the conduct of the Dialogue,
the Indian Department of Commerce and the U.S.
Department of Commerce will maintain close
contact with their private sector enterprises and
business associations that are engaged in relevant
activities to bring Indian and U.S. business
representatives together.
6. The Indian Department of Commerce and the
U.S. Department of Commerce will communicate
at the beginning of each year about, and agree
upon at least one venue for conducting a public-
private sector dialogue session.
The Indian Department of Commerce and the
U.S Department of Commerce will then consult
with the organizers of the meeting/event
regarding their interest in having a Dialogue
session associated with their programmed.
Date 28/12/2014
6
7. Date 06/15/2014
7
Within 90 days of the signing of these Terms
of Reference, the Indian Department of
Commerce and the U.S. Department of
Commerce will consult and develop a plan and
procedures to implement these Terms of
Reference.
The undertakings of either India or the
United States pursuant to these Terms of
Reference are contingent upon the
availability of funds and subject to the laws
and regulations of India and the United
States.
8. The Commercial Dialogue will be reviewed
after two years from the date of the signing of
the Terms of Reference.
Date 28/12/2014
8
9. To develop a schedule of meetings and
activities for promotion of High Technology
commerce
to take steps to remove systemic tariff and
non-tariff barriers
to identify and generate awareness of market
opportunities recognizing the importance of
private sector in this Endeavour
Date 28/12/2014
9
10. To create appropriate environment for
successful High Technology commerce in
partnership with private sector
To maintain regular information flow on the
changes on respective export control laws,
regulations and policies and establishment of
mechanism for prompt discussion on any
bilateral “dual use” export control issues.
Date 28/12/2014
10
11. Overview:
The bilateral cooperation is now broad-based
and multi-sectoral covering trade and
investment, defense and security, education,
science and technology, cyber security, high-
technology, civil nuclear energy, space
technology and applications, clean energy,
environment, agriculture and health
28/12/2014 11
13. From a modest $ 5.6 billion in 1990, the
bilateral trade in merchandise goods has
increased to $ 63.7 billion in 2013.
India's merchandise exports to the U.S. grew
by 6.8% from $ 35.97 billion during the period
January-October 2013 to $ 38.42 billion
during the period January-October 2014.
28/12/2014 13
14. Major items of export from India to US
Textiles (15.7%)
Precious stones & metals (20.9%)
Mineral Fuel, Oil (10.9%)
Pharmaceutical products (10.8%)
28/12/2014 14
18. USA is a major investing country in India in
terms of FDI approvals, actual inflows, and
portfolio investment. US investments cover
almost every sector in India, which is open for
private participants.
Since 2000, the two countries have been
making efforts to strengthen institutional
structure of bilateral economic relations by
means of the “India-US Economic Dialogue”
that aims at deepening the Indo-American
partnership through regular dialogue and
engagement. 28/12/2014 18
19. U.S.-India Commercial Dialogue:
Smart Cities:
Digital India Initiative:
Infrastructure Collaboration Platform:
28/12/2014 19
20. Bilateral Shared Forum on
Manufacturing:
Cross-Border Trade and Investment:
Financing Infrastructure Development:
Indo-U.S. Investment Initiative:
28/12/2014 20
21. 5th Strategic Dialogue session was held in
New Delhi in late July 2014. in part due to a
global economic downturn that has dampened
commercial activity.
On July 29, Secretary of State John Kerry and
Secretary of Commerce Penny Pritzker
traveled to New Delhi for the 5th U.S.-India
Strategic Dialogue, where they met with
newly-seated Indian Prime Minister Narendra
Modi and External Affairs Minister Sushma
Swaraj.
28/12/2014 21
22. In a joint statement, the two sides reviewed
bilateral dialogues and working groups on
issues ranging from science and technology to
regional security and counterterrorism.
On July 10, new Indian Finance Minister Arun
Jaitley presented a partial-year national
budget in pursuing substantive new economic
reforms pledge to raise foreign direct
investment caps in the insurance and defense
sectors up from 26% to 49%.
28/12/2014
22
23. India becoming the world’s third largest
economy by 2030; in purchasing power parity
terms.
Modi is widely viewed in Washington as being
good for business, especially through efforts to
create a more stable and tax-friendly
investment climate.
28/12/2014 23
24. Modi faces a busy foreign policy schedule to
include appearances at five multilateral
summit meetings before year’s end: the BRICS
(Brazil, Russia, India, China, South Africa)
summit in July;
SAARC
China
28/12/2014 24
26. Economic and Trade Issues
Security and Defense Issues
Human Rights Concerns
28/12/2014 26
27. India’s estimated growth in population more
than 68 cities projected to have more than one
million citizens by 2030 and urban area
household income may be $4 trillion in 15
years make it a critical market for future U.S.
exports.
28/12/2014 27
