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US bullish on trade

Helen LaFave in Calcutta on Tuesday. Picture by Kishor Roy Chowdhury

Calcutta, May 13: The US is confident of reaching a bilateral trade mark of $500 billion with India by 2020.

Two-way trade has grown to around $95 billion in 2013 from $29 billion in 2004.

“We have a lot of structured bilateral conversations going on. These are the opportunities to discuss the issues of interest. We have a number of co-operative efforts in nuclear energy, shale gas development and off grid energy access. The US is India’s largest trading partner. Trade has increased consistently and there is room for growth,” US consul general Helen LaFave.

She was speaking at a session organised by the Bengal National Chamber of Commerce and Industry today.

It sees greater prospects of co-operation in sectors such as agriculture, education and tourism.

LaFave said India could benefit from US expertise in cold storage, farm equipment and storage silos.

She said the US was looking forward to working with the new government in India.

 
 
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