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India-US trade in goods and services registers 12.6% growth in 2018


Bilateral trade between and the in goods and services grew 12.6 per cent from USD 126 billion in 2017 to USD 142 billion in 2018, according to an official release.

The growth in trade was welcomed by both the countries, which held a bilateral meeting here on May 6. The & Industry and Civil Aviation, Suresh Prabhu, along with the US Secretary of Commerce, Wilbur Ross, co-chaired the meeting.

Both the sides appreciated the "strong, robust and growing bilateral ties between and the US across the entire spectrum of trade and commerce," as per an official press release.

Apart from this, the two countries discussed various outstanding trade issues, agreeing to regularly engage on various levels to resolve them.

"Both sides agreed to deepen economic cooperation and bilateral trade by ensuring greater cooperation amongst stakeholders, including Government, businesses and entrepreneurs," the release said.

They also commended a string of other bilateral initiatives, including the private sector-led US-SME Forum, which was held in on Monday.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 06 2019. 20:48 IST