'US should help India join APEC'

Image
IANS Washington
Last Updated : Mar 24 2016 | 9:32 AM IST

Noting that a regionally engaged India benefits the US strategic goals in Asia, nine US lawmakers have introduced a legislation asking the administration to help India join the Asia-Pacific Economic Cooperation (APEC) forum.

"Membership in APEC would provide India a constructive forum to glean insight from other Asian countries that have already taken significant steps to advance their economies," said Matt Salmon, of the House Subcommittee on Asia and the Pacific.

He was joined in introducing the House legislation by among others the sole Indian-American member of the House of Representatives, Ami Bera.

The bill directs the Secretary of State to develop a strategy to obtain membership for India in forum established in 1989 for 21 Pacific Rim member economies to promote free trade throughout the Asia-Pacific region.

"Indian Prime Minister (Narendra) Modi is striving for major economic reforms to open India's markets, improve trade volume, and facilitate his growing population's need for continued job growth," Salmon said.

"India is one of the world's largest and fastest growing economies. An economically prosperous and regionally engaged India benefits the United States' strategic goals on Asia," said Bera.

"I'm proud to introduce this bill with my colleagues to promote India's membership in APEC."

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 24 2016 | 9:20 AM IST

Next Story