US would like India to move forward on opening retail
December 13th, 2011 - 11:18 am ICT by IANSWashington, Dec 13 (IANS) The United States has said that it would eventually like India to move forward with foreign direct investment in retail trade but it was a decision for the Indian government to work out.
“We said last week that we felt like it was a deal that was in the best interests of both the United States and the Indian people and businesses and would obviously be a boon to both our economies,” State Department spokesman Mark Toner told reporters Monday.
“We want to see it eventually move forward. But this is a decision for the Indian Government to work out,” he said in response to a question whether the US was disappointed that the retail trade decision is not moving forward.
Last week too, Toner had said that FDI in retail trade would be beneficial to both India and the US, but it would wait for the debate over it to play out in a democracy like India.
“We understand that this is a domestic Indian issue. We understand the government’s decision to allow time for a consensus to be forged. We believe that this is a deal that’s in both our countries’ interests,” he then said.
“It’s a domestic debate right now. We’re very clear on our position. This is good for both our countries. We believe it should go forward, but we’ll allow that debate to play out in India.”
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- Congress gives wholesale support to PM on retail FDI - Nov 30, 2011
- We will protect shopkeepers against FDI: Karat - Jan 20, 2012
- Some states against FDI in multi-brand retail: Montek - Mar 01, 2011
- Trinamool demands rollback of FDI in retail - Nov 28, 2011
- Recall of retail FDI regressive, disappointing: India Inc (Roundup) - Dec 07, 2011
- India opens doors to global retail chains (Roundup) - Nov 24, 2011
- Karat wants retail FDI decision to be scrapped - Dec 06, 2011
- No loss of face in decision to pause FDI in retail: Congress - Dec 07, 2011
- BJP protests in Jharkhad over FDI in retail - Nov 28, 2011
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Tags: boon, consensus, democracy, domestic debate, fdi, foreign direct investment, India, indian government, mark toner, retail trade, state department spokesman, trade decision, united states