US looks to strengthen trade ties with India now
We are committed to forging alliances with India via groups like Quad: White House
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Bilateral trade between India and US increased by 7.65% to $128.55 bn in 2022-23 as against $119.5 bn in 2021-22
Washington: The Biden administration is committed to working together with India in groups like the Quad to advance economic growth and expand bilateral cooperation, the White House said. In November 2017, India, Japan, the US, and Australia gave shape to the long-pending proposal of setting up the Quad to develop a new strategy to keep the critical sea routes in the Indo-Pacific free of any influence.
“The United States and India have a strong bilateral relationship and that's including trade as well, trade relationship,” White House Press Secretary Karine Jean-Pierre told reporters at her daily news conference.
“We are committed to continuing working together and in groups like the Quad to advance economic growth for our two countries and expand cooperation of our shared priorities. That is a commitment that you can know that is coming from the United States,” Jean-Pierre said. US President Joe Biden hosted the first-ever summit of the Quad leaders in the virtual format in March 2021 and vowed to strive for an Indo-Pacific region that is free, open, inclusive, anchored by democratic values, and unconstrained by coercion, sending a subtle message to China.
