Free trade with India

Reuters: US aims to expand India arms trade by “billions of dollars”

Andrew Shapiro, assistant secretary of state for political-military affairs, said U.S. sales of military equipment to India had grown from zero in 2008 to around $8 billion, despite a decision by India to choose a French-built plane in a closely-watched fighter plane competition.

“While that fighter competition loss was disappointing, we have made tremendous progress in the defense trade relationship,” he told a news briefing. “There’s going to be billions of dollars more in the next couple of years.”

…U.S. weapons makers including Lockheed Martin CorpBoeing Co, Raytheon Co and others, are keen to sale their wares to India, the world’s largest arms importer, especially since U.S. military spending is now declining after a decade of sharp growth fueled by the wars in Iraq and Afghanistan. India plans to spend about $100 billion over the next decade upgrading its mostly Soviet-era military hardware.

 

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