India, US must together fight protectionism: Obama

November 8th, 2010 - 7:49 pm ICT by IANS  

Barack Obama New Delhi, Nov 8 (IANS) US President Barack Obama Monday called for renewed partnership with India in a host of areas ranging from clean energy to farming and crop forecasting to food processing, and said both nations should work together to curb protectionism.

“The interests of the United States and the interests of India are best advanced when we stand together,” the US president told a joint sitting of Indian parliament. “The United States not only welcomes India as a rising power, but fervently supports it.”

The US president said the two sides can work together as equal partners in a host of areas including climate change, clean energy, agriculture productivity and even research among students, colleges and universities.

“The United States remains and will remain the most open market in the world. Together we can prevent protectionism that stifles growth. By opening its markets and reducing barriers to foreign investment, India can realise its true economic potential as well.”

Those who attended included Vice President Hamid Ansari, Lok Sabha Speaker Meira Kumar, Prime Minister Manmohan Singh, United Progressive Alliance chairperson Sonia Gandhi, Leader of the Opposition in Rajya Sabha Arun Jaitley and Leader of the Opposition in Lok Sabha Sushma Swaraj.

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