【WASHINGTON】As new government has taken charge in India, the Obama Administration has an opportunity to revitalize its economic ties with India by the latter's inclusion in the Asia-Pacific Economic Cooperation (APEC) forum, a top American think-tank has said.
A new Policy Innovation Memorandum, authored by Alyssa Ayres of the Council on Foreign Relations (CFR) explains that economic ties between the two countries have soured, and remain well below potential. India has been waiting nearly twenty years to join APEC, and further delay "is both a strategic and tactical mistake," she noted.
○'US eager to work with new Indian govt'
【NEW DELHI】The US is eager to work cooperatively with the new Indian government and business communities from both the countries want to broaden and deepen their partnerships, a senior US official said on the 25th of June.
Both countries stand to benefit significantly from increased commercial activity, US Embassy Charge D'Affairs Michael P Pelletier said at an American Chamber of Commerce event 'Avenues 2014'.
Quoting the US Secretary of State John Kerry's statement soon after Lok Sabha elections that they look forward to "strengthening our partnership based on common values, shared democratic traditions and the binding ties between our peoples", Pelletier said, "I am here today to discuss just that, ways of strengthening our ties and our trade and investment partnership with India.
【News source】
US urged to support India's Asia-Pacific Economic Cooperation inclusion
United States eager to work with new Indian government: Diplomat
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