Dreier, Crowley Urge U.S.- India Free Trade Agreement

January 17, 2008

WASHINGTON, DC - Congressman David Dreier (R-San Dimas, CA), Rules Committee Ranking Republican, and Congressman Joe Crowley (D-NY), introduced a resolution today urging the expansion of the trade relationship between the United States and India. H. Res. 928 expresses the sense of the House of Representatives that the U.S. should initiate negotiations to enter into a free trade agreement with India.

"Having recently visited India, I believe India’s economic progress is a model for its neighbors, and is something we should help continue," Dreier said. "In an increasingly inter-connected world, our relationship with India is especially critical. From a national security perspective, we should do all we can to engage with allies like India. From an economic perspective, India represents a huge economic opportunity for American farmers, workers and businesses, particularly in California. From a humanitarian perspective, increasing trade with India could help lift millions of people out of poverty. Increased trade with India would be a win-win-win."

"Maintaining a strong U.S.-India relationship is strategically, politically, and economically important to both of our nations. That is why I believe we should begin negotiating ways to further strengthen our countries economic ties," said Crowley. "Through the exchange of products and ideas, we will help one of our closest democratic allies continue to grow. We will also help the U.S. service industry expand its reach throughout the world."

The United States is already India’s largest trading and investment partner. In 2006, trade between the two countries was valued at $32 billion. American exports to India have doubled over the last five years. Yet, significant barriers to the free flow of goods, services, and capital still exist in the Indian market.