Pompeo hopes stronger US-India ties “Mumkin Hain” under Modi

US Secretary of State Mike Pompeo on Wednesday set the stage for his visit to India later this month by urging more economic openness and dialogue on sensitive topics like trade barriers to strengthen economic ties between the two nations.

Photo courtesy: Wikimedia
Photo courtesy: Wikimedia

In a speech at the India Ideas Summit in Washington DC, Pompeo urged India to consider dropping their trade barriers and trust in the competitiveness of their own companies, businesses, people, and private sector companies.

“The US would also push for free flow of data across borders, not just to help American companies, but to protect data and secure consumers’ privacy,” he said. The US was also eager to help India establish secure communications networks – including 5G networks.

“We have to have a central theme being the idea that we have liberty and sovereignty in each of our two nations, and build on those ideas,” he said.

“These need to be places in which economic growth reinforces our democratic values, and not dictatorship.  It needs to be a place where our partnership is one of true equals, not of domination. Based on my conversations in New Delhi last year, and in subsequent phone calls and meetings, I believe this is a deeply shared vision.”

Pompeo noted U.S.-India bilateral trade had grown seven-fold since 2001 to USD142 billion last year but there was still scope for more.

“As Prime Minister Modi said in his latest campaign, “Modi Hai to Mumkin Hai,” Modi makes it possible.  I’m looking forward to exploring what’s possible between our two people,” he said.

Pompeo said he was not surprised by the resounding victory of Prime Minister Narendra Modi’s National Democratic Alliance at recently held general elections.

Photo courtesy: Facebook/Bharatiya Janata Party (BJP)
Photo courtesy: Facebook/Bharatiya Janata Party (BJP)

“We knew that the prime minister was a new kind of leader for the world’s most populous democracy.  He is the son of a tea seller who worked his way up to governing a state for 13 years and now leads one of the world’s truly emerging powers,” he said.

He wanted closer cooperation between the two countries adding it was only natural that “the world’s most populous democracy should partner with the world’s oldest democracy to maintain our shared vision throughout the Indo-Pacific.”

Shankar Ramakrishnan
Shankar Ramakrishnan – Editor

Shankar Ramakrishnan is a financial journalist with over 26 years of experience working for newspapers, newswires, and magazines in India, Singapore, and the US.

Before joining Connected to India, Shankar was the Global News Editor in New York for International Financing Review, Thomson Reuters.  He relocated to New York in 2012 from Singapore where he  was the Deputy Editor for IFR, Thomson Reuters. He has also worked in Dow Jones, Bridge News in Singapore and India, the Financial Express and Observer of Business and Politics.

Shankar has coached and managed teams of reporters and editors in multiple countries. He is also the author of two books -  Indian Capital Markets: The Next Global Economic Powerhouse, and Opportunities in: Indian Capital Markets - published by IFR Market Intelligence.


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