India, US eye five-fold increase in commerce

WASHINGTON: Eyeing to increase two-way commerce by five times from the current level of USD 100 billion, India and the US have vowed to expeditiously address all trade and investment policy issues to remove obstacles and improve business environment in both countries.

In this context, the two sides, after talks between Prime Minister Manmohan Singh and US President Barack Obama, expressed their commitment to concluding a high-standard Bilateral Investment Treaty that will foster openness to investment, transparency and predictability, thereby supporting economic growth and job creation in both countries.

pratima kumari

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