White House Reveals Obama’s Itineraries in India
The White House made public some of the itineraries of President Obama during his upcoming visit to India from November 7th to 10th.
Increasing U.S. exports of goods, services and agricultural products to India, signing of commercial contracts between Indian and American companies, making nuclear liability law viable to American companies’ needs, expanding cooperation on economic and security issues, extending bilateral relations in counter-terrorism, clean energy and improving military ties are going to be the main focus during Obama’s visit.
Stalled Doha Round
Ever since the WTO talks of Doha round had been stalled, India’s bilateral agreements increased with several countries in the absence of multilateral trade agreement. The US also inclined more toward bilateral deals as the emerging economies have organized themselves on multilateral platforms to extract more from the developed economies and to block hegemonic demands of the West. While India pressed for conclusion of Doha round talks the US began showing disinterest in prolonging Doha round as it faced increased unified opposition from the emerging economies like China, Brazil and India.
As a result, bilateral trade deals once again kick started after Doha round was stalled. Bilateral tours increased instead of multilateral talks and conferences. Indian Prime Minister visited the US as its first state guest in Obama government and invited Obama to India. India’s strategic position in the region is the main attraction for the US. That’s why Obama government gave utmost importance to India by inviting its PM as its first state guest.
Obama is going to sign two important defense contracts worth $16.8 billion. One is supply of Boeing C-17 carriers worth $5.8 billion and sale of 126 fighter jets worth $11 billion. More importantly, the US intends to extend the military ties with India through Logistics Support Agreement (LSA), which envisages the usage of Indian facilities by the US military aircraft for refueling. India is stepping deep into the quagmire of the US’ military strategy in the region, as the US wishes India to stand as a counterweight to the rising economic and somewhat military power, China.Continued on the next page