Another excerpt from: http://www.state.gov/p/sca/rls/rmks/2015/245769.htm

We are realizing this future in the growing commerce between our two nations: annual two-way trade is now over $100 billion, five times what it was ten years ago, and we want to see it increase to $500 billion. That goal is achievable, especially if we can move forward on a high-standard Bilateral Investment Treaty, the completion of which would help India attract more U.S. capital and technology. And we’re both working to advance regional connectivity through the creation of new transit corridors and the lowering of trade barriers.

*** Ajit Manocha serves on Presidents Obama's Advanced Manufacturing Partnership Steering Committee and on WSC....below from Rainer post May 28, 2015:

http://www.gradich.agoracom.com/ir/POETTechnologies/forums/discussion/topics/644455-world-semiconductor-council-wsc-in-hangzhou-china/?message_id=2022504#message_2022504

"The World Semiconductor Council is a unique and effective forum for international collaboration, and its accomplishments on behalf of the global semiconductor industry are unrivaled by groups in other industries," said Ajit Manocha, 2015 WSC chairman of the U.S. delegation and former CEO of GLOBALFOUNDRIES. "The initiatives outlined in the 2015 Joint Statement will help enable more effective communication, cooperation, and competition in the global semiconductor industry. I'm especially encouraged the WSC has remained steadfast in its commitment to achieve duty-free treatment for next-generation semiconductors through expansion of the Information Technology Agreement, which would be the most commercially meaningful trade agreement for the global technology industry in nearly two decades."