US Secretary of State Hillary Rodham Clinton welcomed progress in US efforts to invest in India’s civilian nuclear power industry, but said more action was needed to translate improving ties into economic benefits.
The two governments held their annual strategic dialogue in Washington on Wednesday, seeking to boost relations that have blossomed in recent years, but have yet to meet US hopes for greater market access for US companies.
“It’s not enough just to talk about cooperation on issues ranging from civil nuclear energy, attracting US investment to India or defending human rights or promoting women’s empowerment,” -Clinton said, alongside Indian Minister of Foreign Affairs S.M. Krishna.
“We have to follow through so that our people, citizens of two, great pluralistic democracies, can see and feel the benefits,” she said.
Krishna said India planned to invest US$1 trillion in infrastructure development over the next five years, offering enormous business opportunities for US companies. He offered assurances to prospective investors that there would be “a level playing field and total transparency.”
Two years ago, US President Barack Obama declared that the US-India relationship would be a defining partnership of the 21st century. Security cooperation and defense sales have grown rapidly and Washington looks to New Delhi as a partner in the economic development of Afghanistan, but some analysts say the relationship is being oversold.
Clinton said bilateral trade and investment had grown 40 percent since 2009 and is set to exceed US$100 billion this year, but there is “a lot of room for further growth.”
The two sides agreed on Wednesday to expedite negotiations on a bilateral investment treaty to reduce barriers.
Clinton welcomed the signing, announced on Wednesday, of an agreement between Westinghouse Electric Co and the Nuclear Power Company of India Ltd allowing preliminary site development for future construction of nuclear power plants in western India.
Clinton said it was a significant step toward the fulfillment of a 2008 India-US civil nuclear agreement. That landmark pact, negotiated by the administration of then-US president George W. Bush, allowed India access to technology from international suppliers it had been denied since it conducted its first nuclear test explosion in 1974.
Krishna said it should “put at rest” confusion surrounding the agreement.
“I am glad that nuclear commerce is now beginning to expand itself,” he said at a news conference, expressing hopes that more Indian and US companies would become involved in the months ahead.
Clinton said she looked forward to additional deals with other US companies, including General Electric, but said there was still a lot of work to be done to address the implications of Indian nuclear liability legislation that has effectively blocked US suppliers from capitalizing on the agreement.
Scott Shaw, a spokesman for Westinghouse, said by e-mail those issues need to be addressed before a final agreement for the project in India’s Gujurat State could be signed.
The Obama administration has invested considerable diplomatic capital in promoting ties with India, but New Delhi has struggled to deliver on the kinds of economic changes that Washington wants.
In November last year, Indian Prime Minister Manmohan Singh’s government backtracked on plans to allow foreign investment by such companies as Wal-Mart in its supermarket — or “multibrand” — retail sector after it ran into domestic opposition.
Another area of intense commercial interest to the US is India’s defense sector, with sales exceeding US$8 billion in the past five years, reflecting growing ties between the two militaries.
Clinton said the US believed that in the future, it would be able to conduct joint research, development and co-production of defense systems with India.
One obstacle to improving ties was lifted ahead of the Washington session when the US on Monday dropped the threat of penalties against India for its large yet declining oil imports from Iran. That is one of various diplomatic issues on which the US and India have not always seen eye to eye, despite their shared strategic interests in areas such as fighting Islamic militancy and managing the rise of China.
Chinese President Xi Jinping (習近平) is to visit Russia next month for a summit of the BRICS bloc of developing economies, Chinese Minister of Foreign Affairs Wang Yi (王毅) said on Thursday, a move that comes as Moscow and Beijing seek to counter the West’s global influence. Xi’s visit to Russia would be his second since the Kremlin sent troops into Ukraine in February 2022. China claims to take a neutral position in the conflict, but it has backed the Kremlin’s contentions that Russia’s action was provoked by the West, and it continues to supply key components needed by Moscow for
Japan scrambled fighter jets after Russian aircraft flew around the archipelago for the first time in five years, Tokyo said yesterday. From Thursday morning to afternoon, the Russian Tu-142 aircraft flew from the sea between Japan and South Korea toward the southern Okinawa region, the Japanese Ministry of Defense said in a statement. They then traveled north over the Pacific Ocean and finished their journey off the northern island of Hokkaido, it added. The planes did not enter Japanese airspace, but flew over an area subject to a territorial dispute between Japan and Russia, a ministry official said. “In response, we mobilized Air Self-Defense
CRITICISM: ‘One has to choose the lesser of two evils,’ Pope Francis said, as he criticized Trump’s anti-immigrant policies and Harris’ pro-choice position Pope Francis on Friday accused both former US president Donald Trump and US Vice President Kamala Harris of being “against life” as he returned to Rome from a 12-day tour of the Asia-Pacific region. The 87-year-old pontiff’s comments on the US presidential hopefuls came as he defied health concerns to connect with believers from the jungle of Papua New Guinea to the skyscrapers of Singapore. It was Francis’ longest trip in duration and distance since becoming head of the world’s nearly 1.4 billion Roman Catholics more than 11 years ago. Despite the marathon visit, he held a long and spirited
The pitch is a classic: A young celebrity with no climbing experience spends a year in hard training and scales Mount Everest, succeeding against some — if not all — odds. French YouTuber Ines Benazzouz, known as Inoxtag, brought the story to life with a two-hour-plus documentary about his year preparing for the ultimate challenge. The film, titled Kaizen, proved a smash hit on its release last weekend. Young fans queued around the block to get into a preview screening in Paris, with Inoxtag’s management on Monday saying the film had smashed the box office record for a special cinema