(Aman Malik – IB Times)
Just a day ahead of crucial trade talks with India, U.S. Trade Representative Michael Froman said on Monday that his country wants to “step up” trade dialogue with India. The two countries are set to hold trade talks on Tuesday in New Delhi.
“This pace of engagement is impressive, but shouldn’t be surprising for what President (Barack) Obama declared the defining partnership of the 21st century,” Reuters cited Froman as saying, in New Delhi. “Our task is to build on our mutual interests, with mutual respect, and deliver on the promise of that partnership,” he reportedly added.
Trade talks between the two countries come just days after they announced that they had reached a breakthrough in resolving their differences on issues related to food security, which had been holding up the implementation of a global trade pact that had been agreed to at the World Trade Organization summit in Bali, Indonesia, last year. Read more here.