Islamabad, July 17 (ANI): A top US official has urged Pakistan to improve its trade relations with India.
Robert Hormats, US Under Secretary for Economic, Energy and Agricultural Affairs said that India's economic rise offers a huge opportunity to Pakistan, which is facing major economic challenges.
"India's economic rise presents a huge opportunity to Pakistan. A bilateral breakthrough could provide a catalyst for wider regional economic integration in South and Central Asia," the Daily Times quoted Hormats, as saying.
Hormats, who is member of a high-powered US delegation for next week's India-US strategic dialogue in New Delhi, said the two countries already worked together in a wide range of areas, resulting in enhanced trade and investment and mutual job creation.
"Trade between the US and India has doubled twice in the past 10 years. It continues to grow and drive their economic partnership," he said,
"In 2010, the two-way trade was up almost 30 percent from the preceding year," he added.
India's foreign direct investment in the US was 5.5 billion dollars at the end of 2009, growing at approximately 35 percent between 2005 and 2009, making India the seventh largest growing source of FDI in the United States.
"We welcome such investment, we welcome more and more of it, and we will also discuss this while we are in India," Hormats said. (ANI)
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