Skip to main content

Posts

Showing posts with the label global trade

India needs to be integrated into global trade pacts: USIBC

The 12 countries Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the US and Vietnam constitute 40 per cent of the global economy WASHINGTON: As the US and 11 other nations reached a landmark deal on the Trans-Pacific Partnership which aims to become the world's largest free-trade zone linking 40 per cent of the global economy, a top US industry advocacy has argued for India's integration into global trade pacts.   "For India to reach its ambiguous economic growth targets, it needs to be integrated into   global trade pacts , especially those that drive commerce in the dynamic Asia Pacific region," Mukesh Aghi, president of US India Business Council   (   USIBC ) told PTI after the deal on TPP was announced by the US and 11 other countries yesterday.   The 12 countries Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the US and Vietnam constitute 40 per cent of the global economy.