PUDUCHERRY: India is 13th on the list of US' largest trading partners, American ambassador to India Nancy J Powel said on Saturday. She said the country made the leap from 25th position to 13th in a decade. Addressing the members of the Indo-American Chamber of Commerce in Puducherry, she expressed optimism that the bilateral trade between the two countries will soon cross $100 billion.
"The value of US goods exports to India hovered just above $3 billion in 1995. Over the past year, the US exports to India increased by about $1 billion to over $22 billion dollars while India's exports to our country grew by about $4 billion to over $41 billion. Our total trade relationship is soon expected to top $100 billion. In just over a decade, India has leaped from being our 25th largest trading partner to 13th largest trading partner. We've come a long way since my last assignment in India," she said.
She emphasized that there was more scope for enhancing commercial relationships and opportunities between the two countries. "Increasing our mutual trade and investment opportunities was one of the top objectives of Vice-President (Joe) Biden during his trip to New Delhi and Mumbai two weeks ago. We look forward to continuing this dialogue during Prime Minister Singh's visit to Washington this fall," she said.
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