A top United States official announced that the first ever India-U.S.-Japan trilateral is likely to be held before the end of 2011. This week the State Department confirmed that it was working with the governments of India and Japan to schedule this “important gathering to discuss regional issues.”
On Friday U.S. Deputy Secretary William Burns said in a speech here that that India's “Look East” policy towards a growing comprehensive vision for the East Asia region was becoming an “Act East” policy.
In this context the U.S. and India in 2010 launched a Strategic Dialogue on the Asia-Pacific “to ensure that the world's two largest democracies pursue strategies that reinforce one another.” The new U.S.-India-Japan trilateral consultation on regional issues followed from that discussion, Mr. Burns suggested.
Reflecting on the broader common interests of the U.S. and India in the region, Mr. Burns said, the U.S. hoped that India would join it in strengthening Asia's regional institutions “from the East Asia Summit to the Association of Southeast Asian Nations (ASEAN), where India already trades nearly as much in goods as it does with the U.S.”
An architecture of free trade and investment that connects India to Southeast and East Asia would have a profound impact on global trade and economic growth, Mr. Burns added.
Keywords: India-U.S.-Japan trilateral summit
Indian economy has taken a severe beating in the past 3 months, rupee value has depreciated against major currencies, inflation at an all time high, business environment is moody, decisions making process is delayed which in turn affects the economy.
That's two of India's best friends - Japan and the US. The other noteworthy ones being Israel, France, UK, Brazil, South Africa, Russia and Germany.
Clearly this is an excellent opportunity for India, gives it a chance to advance and line up with worlds biggest traders. If played right it will be an opportunity to not only go toe to toe with china but look ahead to surpassing china in many aspect.
LoL @ Sivasakthivel.K We first need to feed the people dying outside our doors before we boast of becoming global powers. I think it's a good direction that our country is headed in but we are going far too slowly and deviating from the course every so often.
Its a good beginning... India should actively engage all the major
forces in and around East Asia to transform it's 'Look East policy'
into 'Act East Policy' in order to ascertain its ascendency as a
truly 'Global Power'
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