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babylonsister Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-20-09 11:23 AM
Original message
U.S., India Announce Trade Agreement in New Delhi
U.S., India Announce Trade Agreement in New Delhi

The Associated Press
Monday, July 20, 2009; 11:33 AM

NEW DELHI -- U.S. Secretary of State Hillary Rodham Clinton and Indian Foreign Minister S.M. Krishna are announcing agreements to expand American access to key Indian markets.

Clinton said at a signing ceremony Monday that the deals reflect a strenthening of ties between the two nations.

One agreement designates two sites on which U.S. companies would have exclusive rights to sell civilian nuclear power reactors. That could be worth an estimated $10 billion in U.S. sales. The other deal is designed to allow the U.S. to ensure that technology in sensitive American defense items purchased by India are not transferred to third countries.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.

http://www.washingtonpost.com/wp-dyn/content/article/2009/07/20/AR2009072000204.html?hpid=moreheadlines
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Romulox Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-20-09 11:25 AM
Response to Original message
1. So a corporate contract for the nuclear industry in return for *how many* more H1Bs??? nt
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berni_mccoy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-20-09 11:29 AM
Response to Reply #1
3. Thanks Romulox...for always being a dissenter
even of good things.

You can always be trusted to complain and whine even when good things come out of the current administration.

:crazy: :eyes:
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Romulox Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-20-09 11:35 AM
Response to Reply #3
5. I think you answer my question even in trying to evade it.
:hi:
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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-20-09 12:01 PM
Response to Reply #3
8. People are conditioned to having negative responses.
Given "the last 8 years" in particular, nobody should be surprised.


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Romulox Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-20-09 12:03 PM
Response to Reply #8
10. So...the massive trade imbalance w/ India taken in context of our President's "free trade" ideology
has nothing to do with it? :silly:
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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-20-09 12:11 PM
Response to Reply #10
14. I wasn't thinking of that slant...
"free trade" isn't free either... the cost has been too high.
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Cant trust em Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-20-09 11:45 AM
Response to Reply #1
6. Is the problem here that it's the nuclear industry, or a corporate contract?
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Romulox Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-20-09 11:49 AM
Response to Reply #6
7. The latter. nt
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Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-20-09 11:26 AM
Response to Original message
2. Oh wow thanks Hillary!

:sarcasm:
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babylonsister Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-20-09 11:32 AM
Response to Reply #2
4. What don't you like? That India will be spending $10B in the US?
Edited on Mon Jul-20-09 11:34 AM by babylonsister
I think that's not a bad thing, and it's not for weapons but for civilian use. Think of the jobs that will create, or how many people will be keeping their jobs.

I don't get your criticism.
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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-20-09 12:03 PM
Response to Reply #4
9. The proof is in the details
I recall reading somewhere that some jobs coming to America were held by... H1Bs. (that article was rather older than today's.)

I'm remaining on the fence, for now. No criticism or applause until the effects reveal themselves.
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Romulox Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-20-09 12:05 PM
Response to Reply #9
12. The article also doesn't say the $10 B will be spent in the US;
just that the money will be paid to "US Companies". Those are two different things entirely.
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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-20-09 12:09 PM
Response to Reply #12
13. And it's also possible the article was written by a slop-artist; "detail adumbration" is a lost art,
Edited on Mon Jul-20-09 12:10 PM by Deja Q
and who needs useless things like detail information anyway?

Though in all honesty, cynicism or (if nothing else) the "that's how the world works" mindset suggests yours is the correct attitude. Lack of information allows people to skirt around details.
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Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-20-09 12:18 PM
Response to Reply #4
15. That's what they always say. It may be 10B spent here but it will mean more job loss.
Edited on Mon Jul-20-09 12:18 PM by Joanne98
And the trade deficit between the US and India will increase in their favor. That's what the numbers will say 6 months from now. It happens every time.

There has never been one single trade agreement that has worked in our favor EVER in the whole history of trade agreements starting with the first one in 1974!

She's the expert......

Lori Wallach, Director, Global Trade Watch

Lori Wallach is Director of Public Citizen's Global Trade Watch division. A Harvard-trained lawyer, Wallach has promoted the public interest regarding globalization and international commercial agreements in every forum: Congress and foreign parliaments, the courts, government agencies, and the media.

Wallach has been described as "Ralph Nader with a sense of humor" in a Wall Street Journal profile, "the Trade Debate's Guerrilla Warrior" in the National Journal, and "Madame Defarge of Seattle" by the Institute for International Economics. Working closely with civil society, scholars, and activists in developing countries and with U.S. congressional, environmental, labor, and other allies, Wallach has played an important role in fostering the growing debate about implications of different models of trade and globalization on jobs, livelihoods and wages; the environment; public health and safety; equality and social justice and democratically accountable governance.

Wallach has testified before more than 20 U.S. congressional committees on trade and globalization matters. She has served as a trade commentator on CNN, ABC, CNBC, C-SPAN, CNBC, Fox, Bloomberg, PBS, NPR and numerous foreign outlets. Wallach's most recent book is Whose Trade Organization? A Comprehensive Guide to the WTO (The New Press, 2004). She has also contributed to numerous anthologies including the International Forum on Globalization's Alternatives to Economic Globalization: A Better World Is Possible.

Wallach has been a leader in popularizing the trade and globalization debate and in creating new methodologies for effective public interest campaigns on trade and globalization issues. Wallach's work in "translating" arcane trade legalese – indeed, entire international commercial agreements – into relevant, accessible prose and connecting people's lived experiences with pacts' legal requirements, has helped empower more diverse participation in trade and globalization discussions. In 1993, Wallach was a founder of the Citizens Trade Campaign, a national coalition of consumer, labor, environmental, family farm, religious, and civil rights groups representing over 11 million Americans, and now serves on its board.

Wallach, a graduate of Wellesley College and Harvard Law School, is a member of the Wisconsin bar. Wallach has previously worked on Capitol Hill, in television news, and on electoral campaigns. She lives in the historic Mount Pleasant neighborhood of Washington, D.C. in an old row house that she is slowly but surely renovating.

Read and download this biography (pdf), or see Lori's media profile page.

http://www.citizen.org/trade/about/articles.cfm?ID=9692#Lori
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Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-20-09 02:01 PM
Response to Reply #4
18. This is probably it. We only have one industry that produces a trade surplus left.
Edited on Mon Jul-20-09 02:01 PM by Joanne98
The Motion Film Industry. So Hillary is going to make sure we have ZERO by letting Bollywood flood the market in the US with cheap imports!

http://www.nytimes.com/2007/02/07/business/media/07movie.html


There's a secret law that says the United States cannot under any circumstances make a profit.

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OhioChick Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-20-09 12:28 PM
Response to Reply #2
16. She's already starting up...
The US Secretary of State says technical education in India as the "best in the world"

Monday, July 20, 2009

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=103x465073

Makes me sick....
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SIMPLYB1980 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-20-09 12:04 PM
Response to Original message
11. NWO! DLC! GOLDMAN SACHS!
:sarcasm:
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timeforpeace Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-20-09 01:43 PM
Response to Original message
17. And India doesn't have to worry about those pesky Kyoto protocols.
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