The historic agreement on civilian nuclear cooperation is an important part of the U.S. – India relationship, and it is beneficial to both countries. India is one of the world's largest and most peaceful states with advanced nuclear technologies, and has been isolated from the rest of the world on nuclear issues.
This agreement will provide India access to the technology which can help it reach its economic and environmental objectives. The United States remains committed to this agreement.
The U.S. and India share the challenge of ensuring secure and clean energy supplies. We understand that economic growth and environmental responsibility are necessary, compatible goals. Moving forward with the civilian nuclear agreement is one part of the solution.
Working together on a post-2012 framework through the UN climate change process is another. And, if we are to be successful in meeting our energy and environmental challenges, it must be against the backdrop of a strong economy.
The Prime Minister and Finance Minister are to be commended for beginning the process of transforming India into a global economic power by initiating economic liberalization in the early 1990s.
These economic reforms have continued at varying speed throughout the past 15 years, regardless of the party in power. Observers do not question whether India's reforms will continue; they ask only about the pace.
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U.S. Department of Treasury
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