India-US for boosting bilateral trade and economic cooperation

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New Delhi, Feb 5 (UNI) Even as the India US civil nuclear deal continues to be in the works, a US think tank has called for boosting trade and economic cooperation between the two countries.

Marshall M Bouton, President of the Chicago Council on Global Affairs and Commerce Minister Kamal Nath, during a meeting here today, agreed on the need to exploit so many untapped areas, particularly in the small and medium enterprises(SMEs).

Founded in 1922 as 'The Chicago Council on Foreign Relations', has been a pre-eminent forum in Chicago and the Midwest for discussion of world affairs and US foreign policy since its inception.

Unites States, which is the second biggest investor in India, had a foreign direct investment of 6.35 billion dollar till October, 2007 in the country.

United States is India's largest trading partner. India's total trade with US was 30.59 billion dollar in 2006-07, comprising exports of 18.86 billion dollar and imports of 11.73 billion dollars.


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