Stepping Up Trade Between the U.S. and India Will Mean More Jobs in America and a Better Quality of Life for People in India
[Upon return from Asia, Secretary Locke wrote this blog post about the importance of the upcoming trade mission to India in February.]
President Obama and members of his Cabinet, including myself, have completed a trip to India to take the relationship between our two countries to a new level. We were there because we see real opportunities -- both for American workers and businesses and the people of India. U.S. firms can work with Indian companies to help meet the ambitious economic and social goals laid out by its government. And we can do that by increasing trade between our nations, selling more of America’s world-class goods and services to businesses and consumers in India.
Two-way trade between our nations last year was $38 billion, and exports to India have quadrupled in the last seven years. I expect this upward trend to continue. But we have to do more to connect U.S. companies with Indian consumers and partner firms. To that end, President Obama and I announced a high-tech trade mission to India in early February, making stops in Mumbai, New Delhi and Bangalore. Companies interested in participating can visit www.trade.gov/IndiaMission2011 for more information.
As Secretary Chu noted during his trip to India last year, due to the increasing demand for energy by India’s emerging middle class, India could become a major export destination for solar panels and wind turbine components manufactured in the United States. That’s why I’m proud we announced the launch of the Energy Cooperation Program. This partnership brings together U.S. and Indian companies and our two governments to focus on specific projects and initiatives that will develop the clean energy marketplace and help realize its potential within India.
Stepping up trade and collaboration between the U.S. and India will mean more jobs in America and a better quality of life for people throughout this fast-growing democracy at the heart of the Obama administration’s renewed engagement in Asia.