Over 100 U.S. firms to join Dept. of Commerce on trade visit to India

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Over 100 U.S. firms to join Dept. of Commerce on trade visit to India

  • May 7th, 2019

Trade Winds to feature 3-day business forum in New Delhi

 

 

The U.S. Commercial Service will bring more than 100 U.S. companies to India as part of the U.S. Department of Commerce’s largest annual trade mission program, Trade Winds.

 

Trade Winds Indo-Pacific features a three-day business forum in New Delhi, with additional trade mission stops in Ahmedabad, Chennai, Kolkata, Mumbai, Bengaluru, Hyderabad, and Bangladesh. At each mission stop, the attending companies will meet directly with government leaders, market experts and pre-vetted potential business partners, the U.S. Consulate said in a statement.

 

“Our goal at the U.S. Department of Commerce is to use every available resource to ensure fair and reciprocal trade for U.S. businesses selling their products and services all over the world,” said U.S. Secretary of Commerce Wilbur Ross. “Trade Winds is an important component of these efforts.”

 

Trade Winds, now in its 11th year, has directly supported more than $3.4 billion in U.S. exports in over 40 countries, and in 2018, U.S. exports of goods and services to the Indo-Pacific were more than $476 billion.

 

In 2017, the mission brought 100 companies to Southeast Europe and accounted for more than $3 billion in U.S. exports. Thus far, Trade Winds has helped U.S. companies conduct over 4,000 pre-vetted, business-to-business meetings and over 6,000 government-to-business meetings around the world.

 

“The potential for growth in U.S.-India trade is enormous given the size of our economies,” said Kenneth I. Juster, U.S. Ambassador to India. “Exports of U.S. goods and services to India reached $58.9 billion in 2018. I look forward to hearing of future successes from the companies taking part in Trade Winds.”

 

Aligned with the Trump administration’s commitment to a free and open Indo-Pacific, this year’s Trade Winds mission will provide U.S.-based companies with the opportunity to explore and develop further business ventures with countries throughout the Indo-Pacific region.

 

Source: The Hindu