LETHALFORCE
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on our terms or they can go suck an egg!how dare they(US) want their agriculture market to also get a fair share on the world export stage...
please make the US suck eggs, please please...:thumb:on our terms or they can go suck an egg!
no need...we should rather throw em.please make the US suck eggs, please please...:thumb:
suck.. throw.. whatever :thumb:no need...we should rather throw em.
Emmm rather "eggciting" !!What an enlightening discussion !!!
The sooner they do it the better.Feel free to erect barriers to free trade, but when the US reciprocates it will hurt your exports, FDI's not to mention India's booming service sector. The United States is your largest foreign investor but you want more, just today your ambassador urged US business to ignore 'short term challenges' and invest more in India - should the US tell her to go 'suck an egg'? :thumb:
Seriously LF this is one area we cannot even afford to yieldEvery few years history repeats itself ,last time it was also the agriculture issue and Nath was practically thrown out of the talks, why this sticky point has not been resolved prior to the meetings is strange?? It becomes a waste of time to keep repeating this nonsense.
What fair share, US agriculture receives around 20 to 30 billion dollars every year as subsidies. How do you expect a small farmer from some rural village in India to compete with the giant subsidized farms from US.how dare they(US) want their agriculture market to also get a fair share on the world export stage...
Spare us your mindless dribble, 70% of Chinese wealth is US dollar denominated and the last time US Congress threatened Indian business interest your government rushed in bearing gifts worth 17 billion dollars.DBC,
Go back to college and learn a bit of Economics. The trade surplus that India has with the US is 10 billion USD. The last I checked we are a 70 trillion rupee GDP (1.2 trillion USD). The 50 billion in trade with the US is like ... 4% of that. You can build as many trade barriers as you want and squat is what will happen.......
The 70% Chinese wealth is debt you owe them. Can you point to the source of when the US threatened Indian business interest and the resulting magnanimity of the Indian Government in 'gifting' you 17 billion.
On August 2, 2004, four months after he took over as civil aviation minister, Patel, now the minister for heavy industries, chaired a meeting that decided to inflate Air India's purchase order from the original proposal of 28 aircraft to 68 at a stupendous cost of Rs 50,000 crore.
Of the 50 aircraft on Patel's shopping list for Air India, 27 were Boeing 787 Dreamliners. Worse, the inflated purchase order was not backed by either a viable revenue plan or expansion of routes. Ex-minister Praful Patel forced Air India to buy excess aircraft : India: India Today
Trade between the United States and India, therefore, has the potential to become one of the most dynamic global linkages in the next decade. But will
it be allowed to take place? If the United States continues to account for two thirds of the most dynamic component of India's exports (IT services),
India's bilateral trade surplus with the United States will undoubtedly increase. Yet already, protectionist pressures in the United States are strong.
At a time when the U.S. economy is recording large trade deficits and its economic recovery is marked by very sluggish employment growth, outsourcing is headline news in the United States. Concerns about the loss of skilled white-collar jobs have become the focus of increasing amounts of
political attention. Many bills to protect U.S, jobs have been introduced in state legislatures and the U.S. Congress. On March 4, 2004, for example, the Senate passed a bill, by a 70-26 vote, that barred companies from most federal contracts if they plan to carry out some or all of the work abroad. (It included exceptions only for national security and for countries that are members of the WTO procurement code, an agreement to which neither India nor China belong).
http://www.brookings.edu/~/media/Files/Programs/Global/india_policy_forum/2004_lawrence_chadha.pdf
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