Explain the trade relation between India and North America.
Answers
Prominent leaders of India's freedom movement had friendly relations with the United States of America which continued well after independence from Great Britain in 1947. In 1954, United States of America made Pakistan a Central Treaty Organization (CENTO) treaty-ally.
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India-U.S. bilateral relations have developed into a "global strategic partnership", based on
shared democratic values and increasing convergence of interests on bilateral, regional and
global issues. The emphasis placed by the Government in India on development and good
governance has created opportunity to reinvigorate bilateral ties and enhance cooperation under
the motto --- “ChaleinSaathSaath: Forward Together We Go”, and "SanjhaPrayas, Sab ka Vikas"
(Shared Effort, Progress for All) adopted during the first two summits of Prime Minister Modi
and President Obama in September 2014 and January 2015 respectively. The summit level joint
statement issued in June 2016 called the India-U.S. relationship an “Enduring Global Partners in
the 21st Century”.
Regular exchange of high-level political visits has provided sustained momentum to bilateral
cooperation, while the wide-ranging and ever-expanding dialogue architecture has established a
long-term framework for India-U.S. engagement. Today, the India-U.S. bilateral cooperation is
broad-based and multi-sectoral, covering trade and investment, defence and security, education,
science and technology, cyber security, high-technology, civil nuclear energy, space technology
and applications, clean energy, environment, agriculture and health. Vibrant people-to-people
interaction and support across the political spectrum in both countries nurture our bilateral
relationship.