Mumbai, November 07: US President Barack Obama today sought reciprocity in trade and access to Indian market to allay the fears of Americans that the relationship was a one-way street.
“We want access to Indian markets. We want to sell in India… It’s not unfair for US to say that if our economy is open, then the countries with whom we trade will have to change their terms,” the President said.
His remarks came while interacting with students at St.Xaviers college here and in the backdrop of US companies seeking access to India’s financial markets, retail and other sectors.
He, however, assured that the US would reciprocate India’s efforts to strengthen trade ties.
Indo-US bilateral trade stood at USD 36.6 billion in 2009-10 and Obama yesterday hoped to double US exports in the next five years.
–Agencies