Pompeo: India 'perfect partner' to figure out how to grow both economie

Washington India is a perfect partner and great place for the US to figure out how to grow the economies of the two countries and get winwin solutions US Secretary of State Mike Pompeo has said as he pushed for the further liberalisation of the Indian economyThe Trump administration is trying to take down financial barriers and nontariff barriers and create open markets consistent with the central ideas that they hold here in the United States he saidThe United States and India have a unique opportunity to move forward together for the good of our peoples the IndoPacific region and the world It was my pleasure join USIBC today to outline this opportunity as I head to India in a few weeksrsquo time IndiaIdeasSummit pictwittercomCuFfBq1YAzmdash Secretary Pompeo SecPompeo June 12 2019But we remain open to dialogue and hope our Indian friends will drop their trade barriers and trust in the competitiveness of their exporters and privatesector companies Pompeo saidThe US will also push for the free flow of data across borders iquest not just to help American companies iquest but to protect data and ensure consumer privacy he saidI think that makes India a perfect partner and a great place for us to figure out how to grow our economies and get winwin solutions for both nations Pompeo said in his keynote address to the India Ideas Summit of the US India Business Council USIBC on WednesdayThat is when you invest your return on investment often extends beyond any particular Congress or any particular administration the top American diplomat saidIf the US government can lay the foundation Pompeo said the businesses will take risk invest capital here and in India and will grow both sides of the relationshipItrsquos natural that the worldrsquos most populous democracy should partner with the worldrsquos oldest democracy to maintain our shared vision for the IndoPacific a vision that reinforces democratic values through partnership economic openness liberty and sovereignty IndiaIdeasSummitmdash Secretary Pompeo SecPompeo June 12 2019India by purchasing oil and gas from the US can have a fully diversified energy portfolio where it doesnt have to rely on nations that arent as reliable as the United States and have good outcomes outcomes that their business leaders can count on and frankly that Americans thinking about investing in India can count on as well he saidCountries that have partnered with us and chosen to invest alongside us and opened their markets and prepared to allow American businesses to invest on the same terms in their country that their country has permitted to invest here and that we get fair and reciprocal trade theyve seen America open up to them and seen the real opportunity he saidAmericas energy sector Pompeo said provides a real opportunity for American businesses and for global growth as wellAlso Read Amid tensions with Iran Mike Pompeo makes surprise visit to IraqWeve been blessed with abundant affordable energy right here in the United States and were now out producing it at enormous levels not just crude oil but natural gas as wellOn our side weve got to make sure that we build out the infrastructure thats necessary so that we have the infrastructure so that we can deliver it and provide these opportunities he saidAlso Read Mike Pompeo China financing of Maduro prolongs Venezuela crisisAnd then the State Departments role is to make sure that were out talking about that sharing with other countries that we can be a reliable partner for their energy Pompeo addedCatch up on all the latest Crime National International and Hatke news here Also download the new midday Android and iOS apps to get latest updates