• Saturday, October 01, 2022

Business

‘India-US Strategic and Commercial Dialogue an enduring mechanism,’ says US commerce secretary

By: maniramm repaswal

The India-US Strategic and Commercial Dialogue that was launched two years ago by prime minister Narendra Modi and president Barack Obama will endure as a platform for bilateral engagement on a range of issues, according to outgoing US commerce secretary Penny Pritzker.

In an exit-memo on eight years of the Obama administration, Pritzker said the commerce department has taken the lead on elevating America’s commercial ties with India through the creation of the US-India Strategic and Commercial Dialogue.

“This mechanism will endure as a platform for commercial and strategic engagement on a wide range of issues,” she said.

“We have made great progress in key areas affecting our economic relationship, including ease of doing business, smart cities and infrastructure development, innovation and entrepreneurship, and standards harmonisation,” Pritzker wrote
in the memo released by the White House on Thursday (5).

The first India US Strategic and Commercial Dialogue was held in Washington DC on September 22, 2015, and the second one in New Delhi last summer. The third and the first one under the Trump administration is expected to be held later this summer.

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