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Showing posts with label New Delhi. Show all posts
Showing posts with label New Delhi. Show all posts

Monday, July 20, 2009

US diplomacy accelerates: Hillary signs $10 billion accord with India


Clinton, left, met Manmohan Singh, India's prime minister, on Monday [AFP]
An accord between India and the United States has been reached in New Delhi aimed at clearing the way for the sale of US-made weapons to India.

The pact, known as an end-use monitoring agreement, was signed by Hillary Clinton on Monday during her first trip to India as the US secretary of state.

"We have agreed on the end-use monitoring arrangement which would refer to ... Indian procurement of US defence technology and equipment," S M Krishna, the Indian external affairs minister, told a joint news conference with Clinton.

The agreement, required under US law for arms sales, allows Washington to verify that India is using weapons for their stated purpose.

The deal is also designed to ensure that New Delhi is not passing weapons technology from the US on to other nations.

US defence contractors, such as Lockheed Martin Corporation and Boeing Company, are competing to win orders from New Delhi to build 126 fighter aircraft.

Nuclear reactors

Clinton said that India had also approved two sites on its territory for the construction of US nuclear reactors.

"I am also pleased that Prime Minister [Manmohan] Singh told me that sites for two nuclear parks for US companies have been approved by the government," she said.
US officials estimate that the nuclear sites would represent up to $10bn in business for US nuclear-reactor builders such as General Electric Company and Westinghouse Electric Company, a subsidiary of Japan's Toshiba Corp.

Marie Lall, a specialist in South Asia affairs at Chatham House in London, said that the deal would go some way to easing the US trade deficit with India.

"You have to be aware that the balance of trade deficit of the United States is $13bn ... Obviously, signing a deal of $10bn will go a long way to balance out that trade deficit for the United States," she told Al Jazeera.


She also said that the deal would likely pave the way for some degree of co-operation over nuclear weapons.


"I would expect that in light of India receiving this civil nuclear agreement, it was seen that there would be a quid pro quo regarding weapons deals as well," she said.


Climate disagreement

 
Clinton is in India for three days for talks on climate change, security and nuclear power.
But while Washington and New Delhi have reached an agreement on weapons sales, the US government appears to have failed to convince India on the need to reduce its carbon dioxide emissions.


During a meeting with Clinton on Sunday, Jairam Ramesh, India's junior environment minister, refused to agree to limit the country's carbon output.


Developing nations should not be forced to sign up to legally binding targets on reducing carbon emissions, Ramesh said.


India is "simply in no position" to cut its levels of harmful emissions, he said.
The refusal comes five months before a UN climate conference in Copenhagen, where it is hoped that more than 190 nations will set targets for emission cuts up to 2020.


Clinton 'confident'

 
Despite the differences over the environmental targets, Clinton said she was optimistic that a compromise could be found.


India says it cannot easily commit to major cuts in carbon emissions [EPA] 
"I am very confident ... that the United States and India can devise a plan that will dramatically change the way we produce, consume and conserve energy," she said. 

Bharat Desai, an expert on international environmental law at Delhi's Jawaharlal Nehru University, told Al Jazeera that developing countries will not [for the time being] take up legally binding commitments.

"But India is taking responsibility, it has various energy efficiency programmes ... we have already passed a law on climate change," he said.


"The developed countries need to take the lead so the developing ones feel comfortable [to follow]."


India is one of several developing nations who argue that their industrial ouput - and hence their economies - will be harmed should they be forced to commit to cuts in carbon emissions.


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Source: http://english.aljazeera.net/news/asia/2009/07/20097203375638188.html



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Saturday, July 18, 2009

Hiilary Clinton visits Mumbai, India

18 Jul 2009, 0903 hrs IST


(July 17) US Secretary of State Hillary Clinton touched base in Mumbai on Friday night for her five-day visit to India during which the two countries will launch a new chapter in their strategic partnership and deepen their engagement.

Kick starting her visit, Clinton held a breakfast meeting with India Inc leaders Ratan Tata, Mukesh Ambani, Jamshed Godrej, Sudha Murthy, Ashoke Ganguly, Chanda Kochar, Swati Piramal, O P Bhat, R K Krishnakumar, Amrita Patel and others. They are likely to explore measures to boost bilateral business ties during their brainstorming session.

The former US first lady is on her first visit to India as US's chief diplomat and spending the night at the Tower Wing of the Taj Hotel in an act of solidarity with the victims of the Mumbai terror attack on November 26.

On Saturday (July 18), while her meeting with top industrialists was on, Clinton signed the remembrance book of 26/11 survivors. She went on to say that she was touched and pleased the staff of the Taj hotel.

She wrote, "Americans share a solidarity with this city and nation. Both our people have experienced the senseless and searing effects of violent extremism. And both can be grateful and proud of the heroism of brave men and women whose courage saved lives and prevented greater harm on 26/11 and 9/11.”

This move from Hillary is symbolic, as she chose to come to Mumbai’s Taj instead of meeting political leaders in New Delhi.

This is Hillary Clinton's first visit to India after assuming charge as the US Secretary of State in the Obama’s administration early this year. The global economic meltdown has particularly affected the United States. The measures taken by its government to beat the recession are likely to be discussed in the meet.

India's relatively strong growth of 6 per cent and its resilient economy has emerged as a strong focus area for the US in recent years and Clinton's visit is expected to give a further boost to the burgeoning trade-ties between the two countries.


Source: http://www.timesnow.tv/Clinton-talks-business-in-Mumbai/articleshow/4322493.cms


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