Bilateral trade reached USD 109 billion, GST to boost it further: US to India

Bullish on expanding economic ties with India, the US on Sunday said bilateral trade has reached USD 109 billion and it will get a further boost from new reforms including GST even as it flagged persisting concerns American firms have on issues related to business climate in the fast-growing economy.

US Commerce Secretary Penny Pritzker, who will be on a 3-day India visit from Monday, also said that travel and tourism and sub-national engagement have been identified as two new areas of focus to drive commercial cooperation between the two countries in 2017, under which the focus would shift from India and the US to Chennai and Charleston.

She said the Obama Administration in the past seven-and-a-half years has made significant progress toward realising the potential of what could be one of the largest commercial relationships in the world.

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