Trade Agreement Between India And Us

India and the U.S. governments have differing views on a wide range of regional issues, from India`s cordial relations with Iran and Russia to foreign policy differences in Sri Lanka, the Maldives, Myanmar and Bangladesh. In the 21st century, Indian foreign policy has attempted to use India`s strategic autonomy to protect sovereign rights and promote national interests in a multipolar world. [3] [4] [5] Among the governments of Presidents George W. Bush and Barack Obama, the United States has shown that it lives up to India`s fundamental national interests and has recognized the concerns that are still open. [6] Increased bilateral trade and bilateral investment, cooperation on global security issues, involving India in decision-making on global governance issues (UN Security Council), improving representation in trade and investment forums (World Bank, IMF, APEC), integrating the multilateral export control regime (MTCR, Wassenaar Agreement) , Australia Group) and supporting membership in the supplier group and joint production through technology exchange agreements are important milestones and a measure of speed and progress towards building close relations between the United States and the United States India has become. [7] In 2016, India and the United States signed the Memorandum of Understanding[9][10] and India was declared a Major Defense Partner of the United States. [12] In 2020, India had tabled its agreement to end an embargo on exports of a drug called hydroxychloroquine, which US President Donald Trump had called “game-change” amid the fight against the continuation of the global coronavirus pandemic (COVID-19). The verdict came after Trump warned of a threat of retaliation against India if it did not comply with the export embargo against hydroxychloroquine. [13] “To achieve the common goal of reaching $500 billion in current trade of $142 billion in 2018, we would need to re-focus on combating certain irritants to unlock the full potential of economic relations,” said Chandrajit Banerjee, Executive Director of the Indian Industry Association. During a visit to the United States, Prime Minister Narendra Modi spoke of a joint meeting of Congress during which he stressed the common characteristics of the two democracies and the long-term friendship between the two countries. [210] In a speech of more than 45 minutes