1. India & US to Think Trade Ties
The US and India are all set to brainstorm next week their bilateral economic relationship
and discuss a pathway to avoid a trade war between the two largest democratic countries
of the world.
The development comes against the backdrop of a section of US lawmakers and
businesses increasingly raising their ante against what they allege restrictive and
protectionist trade policies of New Delhi.
Finance Minister P Chidambaram; Commerce Minister Anand Sharma and Planning
Commission Deputy Chairman Montek Singh Ahluwalia, along with a battery of top Indian
corporate leaders led by Ratan Tata; and Sunil Bharti Mittal are scheduled to hold a series
of meetings and brainstorming sessions with their US counterparts in both public and
private forums.
They would not only raise issues including H-1B to the Americans, but also explain to them
the Indian policies, which of late, have generated much heat at the Capitol Hill.
In all these meetings, the US would be represented by the Treasury Secretary, Jack Lew;
and the US Trade Representative, Michael Froman; — both of whom are close confidant of
the US President — and top American CEOs including Indra Nooyi of PepsiCo; Ajay Banga
of MasterCard; and Dave Cote of Honeywell, among others.
While majority of these bilateral meetings next week and the India-US CEOs Forum
meeting on July 12 would be closed doors, it is the 38th annual Leadership Summit of the
US India Business Council (USIBC) which will give the officials and CEOs to publicly
express their views on July 11 at the US Chambers of Commerce, a block away from the

2. White House. Noting that India is a long-term business opportunity that holds tremendous
opportunities for industry, USIBC President Ron Somers said: “We are looking forward to
productive meetings that bring together both governments and US and Indian business
leaders to discuss proactive ways to eliminate investment barriers and deepen commercial
ties.”— PTI
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