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Transcripts For BBCNEWS World 20240705

and machinery are amongst the big sellers. but back in 2013 when he was vice president, joe biden said there was no reason trade between the two couldn t reach $500bn. for american companies the prize is obvious. access to the more than 1.4bn people that make up the world s biggest population. apple isjust one major us company that is expanding in india. its boss tim cook, along with those of microsoft and google, were amongst the guests as president biden rolled out the red carpet with a state dinner at the white house on thursday. here s a little of what the two leaders had to say. together india and the united states are working closely on everything from ending poverty to expanding access to health care to addressing climate change to tackling food and energy insecurity, stoked by russia s unprovoked war in the ukraine. , ., ., ukraine. any postcode era, the world is takin: a ukraine. any postcode era, the world is taking a new ukraine. any postcode era, the world is

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Transcripts for BBCNEWS World Business Report 20240604 13:33:00

third and 75 years since indian independence and while modi has visited the united states and number of times in recent years meaning with both president trump and biden, a statement is on a completely different scale. frankly the trade relationship has trailed behind the strategic one for years now and that is not likely to change soon. the announcement of the package of resolutions and outstanding trade disputes and the world trade organization is very welcome and i know that it took a lot of hard work and time on both sides to negotiate this package so i was quite happy to see this. we this package so i was quite happy to see this. ~ ~ ., ~ , see this. we know prime minister modi is trying see this. we know prime minister modi is trying to see this. we know prime minister modi is trying to get see this. we know prime minister modi is trying to get global - modi is trying to get global companies to make india and that includes us companies, what is it us companies will want to

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Transcripts for BBCNEWS World Business Report 20240604 13:32:00

russia s unprovoked war in the ukraine. , ., ., ukraine. any postcode era, the world is takin: a ukraine. any postcode era, the world is taking a new ukraine. any postcode era, the world is taking a new shade. ukraine. any postcode era, the world is taking a new shade. the is taking a new shade. the friendship between india and the us will be friendship between india and the us will be instrumental in enhancing the strength of the whole world. the countries the strength of the whole world. the countries coming together to work together countries coming together to work together for the global good. mark linscott is a senior fellow with the atlantic council think tank and the consultancy the asia group as well as a former assistant us trade represenative for south asia. let s start with this. when it comes to trade between these, what do they really want from each other? i wonder how much has been achieved during this visit. during this visit. thanks, it is ureat to during

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Transcripts for BBCNEWS World Business Report 20240604 13:34:00

first of all us companies already investing in india and they have been doing that for some time, yet as you know there are many barriers, that hasn t changed. india is simply too big, too vibrant to ignore for the us private sector. there has been some progress on the reform front and injoint been some progress on the reform front and in joint efforts between the trade ministry is to discuss the full range of trade barriers on both sides to seek accommodations. a real game changer would be willingness on the part of the biden administration to negotiate a free trade agreement such as those india is already doing with european union, the uk, canada and australia. that would require a big shift in us trade policy to return to negotiating free trade agreements. unfortunately we re not likely to see that in foreseeable future. forthe likely to see that in foreseeable future. for the moment i think we will continue to have trade discussions and bilateral trade policy forum and in the regio

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Transcripts for BBCNEWS World Business Report 20240604 13:31:00

and machinery are amongst the big sellers. but back in 2013 when he was vice president, joe biden said there was no reason trade between the two couldn t reach $500bn. for american companies the prize is obvious. access to the more than 1.4bn people that make up the world s biggest population. apple isjust one major us company that is expanding in india. its boss tim cook, along with those of microsoft and google, were amongst the guests as president biden rolled out the red carpet with a state dinner at the white house on thursday. here s a little of what the two leaders had to say. together india and the united states are working closely on everything from ending poverty to expanding access to health care to addressing climate change to tackling food and energy insecurity, stoked by

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