U.S. committed to advancing economic growth with India: White House

The U.S. has emerged as India's biggest trading partner in 2022-23 on account of increasing economic ties between the two countries

April 20, 2023 09:48 am | Updated 06:21 pm IST - Washington

White House press secretary Karine Jean-Pierre speaks during a press briefing at the White House, on April 19, 2023, in Washington.

White House press secretary Karine Jean-Pierre speaks during a press briefing at the White House, on April 19, 2023, in Washington. | Photo Credit: AP

The Biden administration is committed to working together with India in groups like the Quad to advance economic growth and expand bilateral cooperation, the White House has said.

In November 2017, India, Japan, the U.S., and Australia gave shape to the long-pending proposal of setting up the Quad to develop a new strategy to keep the critical sea routes in the Indo-Pacific free of any influence.

“The United States and India have a strong bilateral relationship and that's including trade as well, trade relationship," White House Press Secretary Karine Jean-Pierre told reporters at her daily news conference on Wednesday.

"We are committed to continuing working together and in groups like the Quad to advance economic growth for our two countries and expand cooperation of our shared priorities. That is a commitment that you can know that is coming from the United States,” Ms. Jean-Pierre said.

U.S. President Joe Biden hosted the first-ever summit of the Quad leaders in the virtual format in March 2021 and vowed to strive for an Indo-Pacific region that is free, open, inclusive, anchored by democratic values, and unconstrained by coercion, sending a subtle message to China.

Beijing claims almost all of the 1.3 million square miles of the South China Sea as its sovereign territory.

China has been building military bases on artificial islands in the region also claimed by Brunei, Malaysia, the Philippines, Taiwan, and Vietnam.

The top U.S. official's remarks came in response to a question on the U.S. becoming India’s largest trading partner, surpassing China.

The U.S. has emerged as India's biggest trading partner in 2022-23 on account of increasing economic ties between the two countries.

According to the provisional data of the commerce ministry, the bilateral trade between India and the U.S. has increased by 7.65% to $128.55 in 2022-23 as against $119.5 billion in 2021-22. It was $80.51 billion in 2020-21.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.