Congratulations India

Congratulations !! US-India
Trade Relations

US-India Historical Moment At The Confederation of Indian Industry (CII ) Luncheon

New Delhi, November 28, 2006

Over $30 billion for the First Time
Endorsed by US President Bush and Indian Prime Minister Dr. Manmohan Singh In Three Years

Last November 28, 2006, The Historical Moment of US-India Trade Relations, Confederation of Indian Industry (CII) Luncheon was given at the New Delhi, India.

Ambassador Karan K. Bhatia delivered and addressed Confederation of Indian Industry (CII) on the subject of US-India Trade Relations.

The US Senate passed the Civil Nuclear bill by an overwhelming, bipartisan margin. By the end of this year, The bill should be passed into law which will opening up an exciting new era for U.S.-India commercial relations. It is reminding History Summit at year From July 18 to July 20, 2005 which expended relationship and the two governments were planning to announce bilateral programs. During this summit President George Bush stated that India's economic reform programme will be a booming information technology industry, its military might and potential as a counterweight to China have all combined to bring New Delhi closer to Washington. http://catch4all.com/positive/2005/HistoricSummit_USpresidentBush_IndiaSingh.htm

It is incredible to see that history in the making of India and US: bilateral trade in goods is forecast this year to exceed $30 billion for the first time, putting us well on the way to achieving the goal – endorsed earlier this year by President Bush and Indian Prime Minister Dr. Manmohan Singh – of doubling bilateral trade in three years.

India airline's order for 68 Boeing jetliners, the largest commercial airplane order in India's civil aviation history. The order was placed in December 2005. Air India's order comprised 27 787-8 Dreamliners, eight 777-200LR (Longer Range) Worldliners and 15 777-300ER (Extended Range) airplanes for Air India; and 18 Next-Generation 737-800s for Air-India Express. "Our commitment to Air India and the Indian aviation industry dates back more than 60 years, and we continue to strengthen that relationship over time," said Dinesh Keskar, vice president of Sales, Boeing Commercial Airplanes. "Today marks another great milestone in our partnership with Air India as it embarks on its strategic fleet renewal and expansion plan."

India purchased 68 Boeing Aircraft and major investment from IBM. Currently India is ongoing U.S. trade mission to India consisting of over 180 companies, the largest ever.

Ambassador Karan K. Bhatia highlighted two in particular:

1. The first is the Trade Policy Forum led by the USTR Ambassador Susan Schwab and Commerce Minister Kamal Nath. Launched just over a year ago, the TPF has become the principal U.S.-India government-to- government forum for addressing issues of bilateral trade and investment policy. It has met regularly (in fact, I’m scheduled to have a TPF meeting with my counterpart Commerce Secretary Pillai later today), its constituent working groups are in regular contact, and it is producing results.

2. The second is the CEO Forum in which senior officials from the U.S. and India Governments have gathered twice this year with CEOs from each country to identify goals and identify progress on our bilateral trade and economic agenda.

He emphasized on bilateral trade relationship which is the dramatic growth in bilateral economic ties and what it will take to ensure that those ties remain strong. On the Doha Round, They believe that United States, the EU, as well as other developed countries and developing countries – even the least developed countries of the world Doha Round to support it could provide to a continued process of economic reform here. He also requested that leadership and strong market access offers from all the key players – not only the US and the EU, but also large emerging markets like India, as well as Brazil and China.

Ambassador Karan K. Bhatia touch on three areas where reform could have a seizable impact: Commercial Satellite Services, the Financial sector, and Agriculture.

He mentioned that one area that is emblematic of the continued need for reform is Commercial Satellite Services one of the many other emphasis was: Most countries with domestic satellites systems (such as the U.S., EU, Australia, Brazil, Canada, Mexico, Indonesia, to name a few) either have Open Skies policies or have regulations which permit the sale of foreign satellite services without the need to sell through the domestic satellite operator. Indeed, India is almost alone in restricting entry in this market.

He addressed that two and a half years ago, about US-India trade relations in a different sector – air services about the need for the US and India to enter into an “open skies” relationship and He appreciated to the determination and foresight of India’s policymakers – agreed to conclude such an agreement. • Today, the air services market is brimming with new offerings by both US and Indian airlines. New nonstop air services – new carriers – and more competitive prices.

Looking back to January 2006, The Former World Bank president James Wolfensohn said at the annual World Economic Forum that “the global shift” to India and China “is hugely important.”.

James Wolfensohn also said that "We’re moving from 6 billion to 9 billion people in the next 50 years,” and all but 200 million are going to be added to the developing world, “hence the focus on India and China,” he said. “We are also looking economically at an 8 trillion dollar economy, in the developing world growing seven to eight times in the next 50 years and the rich world 2½ times. These are dramatic shifts,”.

Two years ago, the annual gabfest focused on four challengers to US economic power — China, India, Russia and Brazil. Last year, China took center stage. But this year the spotlight was on India and China, the world’s most populous countries with booming economies and huge domestic markets that are attracting major foreign investment.

It is positive to see that The US-India economic and commercial relationship draws its strength from India’s overall economic growth and keeping strong bilateral economic relationship.

Congratulations!!! India and US economies will truly become globally competitive, dynamic and strong well harmonized trade relationship.

http://catch4all.com/positive/2005/HistoricSummit_USpresidentBush_IndiaSingh.htm

http://usinfo.state.gov/usinfo/Archive/2005/Jul/15-436251.html

http://catch4all.com/Boeing/Boeing787DreamlinerCanada&India&Others.html

http://www.msnbc.msn.com/id/11090742/from/RSS/

Reported by Sandra Englund December 8, 2006

Unforgettable Moment,
President Hu Jintao says

"Trade Further, Flying High
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President Hu Jintao would like to have a higher living in civil aviation and continue to expend ….and he addressed that China is planning to purchase 600 civil aviation fleet in 5 years and in 15 years 2,000 plane and will be added 200 plane.

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