New Delhi fully anticipates accelerated U.S.-India trade relations and
considers the Indian American community a principal catalyst in making
the U.S. India’s largest trading partner. India's economic development and
trade relations with the U.S. are also of increasing interest and concern to
the White House and the U.S. Congress.
On July 27, 2005, more than 90 corporations including Exxon, Time Warner,
Boeing, Nokia, General Dynamics, Lockheed Martin, Wal-Mart, Ford,
Mitsubishi, Xerox, Hewlett Packard, Pfizer, etc. participated in the
inaugural summit of the Congressional Task Force on US-India Investment
and Trade Relations held by USIBA in conjunction with the House
International Relations Subcommittee on Asia and the Pacific. The
Congressional Task Force is made up of key lawmakers in the U.S.
Congress responsible for increasing and accelerating U.S.-India trade.
Congressman Eni F.H. Faleomavaega, Ranking Member of the
International Relations Subcommittee on Asia and the Pacific, and
Congressman Chris Cannon, Chairman of the Judiciary Subcommittee on
Commercial and Administrative Law, serve as the co-chairs of the Task
Force.
USIBA’s inaugural summit coincided with the launch of the CEO Forum, a
high-level private sector exchange created by President Bush and Prime
Minister Manmohan Singh to improve the commercial climate between
our two countries. As the CEO Forum focuses on furthering dialogue
between the executive branches of government, USIBA in cooperation with
the Task Force parallels the work of the Forum at the legislative level and
broadens participation in the economic dialogue.
Acting as a support to the CEO Forum, which is limited to 10 top
businesses from each country, USIBA is open to all vested stakeholders.
An independent business alliance, USIBA provides an extensive network
of contacts in the political, legal and business arenas in the U.S. and in
India. |