India, US need to strive towards more ambitious and frictionless bilateral trade relationship: US Ambassador
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US Ambassador to India Eric Garcetti has said that India and the US need to strive towards a more ambitious and frictionless bilateral trade relationship. Noting that there is a need to do away with even the smallest of friction between the two countries in terms of trade, he called for a reduction of tariffs and the creation of a more predictable regulatory environment.
Garcetti pitched for a robust agriculture trade between India and the US. He said ‘this is a great agricultural country and so is the United States. We want India to be one of our top three markets in the world. Here, the productivity in dairy and other areas has levelled off’.
The Ambassador said that both countries are now looking at partnerships in the commercial space segment. He stressed the importance of sharing technology and co-development of technologies in sectors like defence, in which India and the US already have strong ties.
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