Sign In | Create Account

 
|| आ नो भद्राः क्रतवो यन्तु विश्वतः || Let nobel thoughts come to us from everywhere, from all the world || 1.89.1 Rigveda ||
Section : Politics
Latest: 

Obama, Modi vow to boost strategic ties, create model for world
 
"We have a vision that the United States and India will have a transformative relationship as trusted partners in the 21st century. Our partnership will be a model for the rest of the world," they said in their statement said.

By David Brunnstrom,Editing by Michael Perry and Robert Birsel




 

India's Prime Minister Narendra Modi speaks at the Council on Foreign Relations in New York, during his visit to the United States September 29, 2014. REUTERS/Lucas Jackson

India's Prime Minister Narendra Modi speaks at the Council on Foreign Relations in New York, during his visit to the United States September 29, 2014.

Credit: Reuters/Lucas Jackson

(Reuters) - U.S. President Barack Obama and new Indian Prime Minister Narendra Modi vowed on Monday to expand and deepen their countries' strategic partnership and make it a model for the rest of the world.

In a joint "vision statement" issued after their first meeting at a White House dinner, the two leaders said they would work together "not just for the benefit of both our nations, but for the benefit of the world."

They said their countries would cooperate on security and to fight terrorism and would back a "rules based" global order in which India assumes greater multilateral responsibility, including a reformed U.N. Security Council.

They also vowed to work together against the threat posed by climate change and to cooperate to address the consequences of unchecked pollution.

"We have a vision that the United States and India will have a transformative relationship as trusted partners in the 21st century. Our partnership will be a model for the rest of the world," they said in their statement said.

The two leaders also said their countries would work to ensure that economic growth brought better livelihoods for all people and stressed the importance of open markets and fair and transparent practices to allow trade to flourish.

Washington has been keen to expand business and security ties with India, which it sees as a key counterbalance to an increasingly assertive China in Asia. Obama has backed New Delhi's bid to become a permanent member of the U.N. Security Council.

However, the relationship has failed to live up to his declaration in 2010 that it would become "one of the defining partnerships of the 21st Century."

Modi, who came to power in May, has received a warm welcome in the United States, even though he was denied a visa in 2005 over rioting in his home state three years earlier that killed more than 1,000 people, most of them Muslims. Modi denies any wrongdoing and has been exonerated by an Indian Supreme Court investigation.

He has maintained a frantic schedule since arriving in America on Friday, even though he is fasting in accordance with Hindu custom and drank only warm water at the White House.

As part of an effort to spur foreign investment, he met more than a dozen U.S. corporate leaders early on Monday and told them he was committed to liberalizing India's economy, which has underperformed other emerging markets recently after years of breakneck growth.

'BIG THINGS'

On Saturday, Modi addressed the U.N. General Assembly and then appeared before some 60,000 people at a musical event in New York's Central Park aimed at ending global poverty and bringing essentials such as sanitation to all.

On Sunday, he received a rapturous welcome from a big crowd of Indian-Americans in an appearance in New York's Madison Square Garden arena.

He will hold further talks with Obama on Tuesday.

Modi's spokesman, Syed Akbaruddin, said the dinner meeting was "extremely convivial" and the two leaders found they had a common interest in technology and shared experience in that they were relative political outsiders before coming to power.

He said they agreed they "should focus on some big things they can achieve in a finite time period in the next few years."

Modi sought suggestions from the U.S. business leaders as to how the investment environment could be improved. When some complained about unpredictable taxes, he said he was "committed to a stable tax regime" as this was necessary to encourage investment, Akbaruddin said.

He said Modi had invited the U.S. BlackRock investment management firm to stage a major conference in India early next year to bring in big investors from around the world. He said BlackRock had said the event could bring in as much as $6 billion in investment.

Among those attending the breakfast meeting with Modi were the chief executives of Caterpillar Inc and Boeing Co.

Caterpillar Chairman and CEO Doug Oberhelman told, Reuters he had been impressed by Modi's determination to revive the Indian economy. "I believed him. He was very serious," he said.

However, last week the U.S. Chamber of Commerce and 15 other business associations representing various sectors gave a more cautious assessment, questioning Modi's record and urging Obama to press him to remove barriers to trade.

They highlighted India's blockage of a key World Trade Organization deal reached last year, which overshadowed a July 30-Aug. 1 visit to India by U.S. Secretary of State John Kerry.

Speaking at the Council on Foreign Relations think-tank, Modi reiterated his WTO stance, saying that while India supported the trade pact, its demands for food stockpiles were not incompatible with it.

He stressed his campaign to encourage domestic manufacturing and India's desire for U.S. know-how, something U.S. firms have been reluctant to share without stronger intellectual property protections.

Comment Form

  Name

 Email Address

 Website

 Write Your Comment Here

 


0 Comment


Suggested articles...

Uproar over Gaza, silence over ISIS: Why is the Muslim ‘brotherhood’ not uniform across conflicts?
By Irena Akbar

Read More
Kurdish Rebels Assail Turkish Inaction on ISIS as Peril to Peace Talks
By KIRK SEMPLE and TIM ARANGO,NYT

Read More
$ 462 Billions Indian Black money abroad
By Venkata Ramanan

Read More
Alan Dershowitz: Obama 'Obligated' to Answer Netanyahu's 'New' Proposal
By Melissa Clyne,Newsmax

Read More
The Crisis in Nepal, Explained
By Swarajya Research Team

Read More
Yes. ISIS can get hold of nuclear weapons from Pakistan
By Colonel R Hariharan

Read More
Ten Things Hindus Expect from Modi Sarkar in 2016
By Sanjeev Nayyar

Read More
Saradha scam: West Bengal Transport Minister Madan Mitra arrested by CBI, Mamata Banerjee calls it 'illegal' and 'unconstitutional'
By dna Web Team

Read More
The Radicalisation Series: Analysing the threat to Muslim youths in India
By Tufail Ahmad

Read More
Self-interest above the nation’s
By KG Suresh

Read More