Chennai:
American corporate houses, who earlier flocked to China, are now looking to India and Indonesia for investments as they find doing business in China is very tough, according to an US expert from a Washington-based think tank.
Addressing a Round table Discussion “Areas of Cooperation between India and ASEAN" organised by Center For Asian Studies here on Wednesday, Ernest Z Bower, senior advisor and Sumitro Chair for Southeast Asia Studies, Centre for Strategic and International Studies in Washington said that the corporates are now looking at India and Indonesia as US businessmen are finding it difficult to do business in China over international hacking of private information.
He also said that India is not sending strong signals to American business. They would love to be here, he said.
He also said that India is unlikely to be a member of The Trans-Pacific Partnership, a comprehensive and high-quality Free Trade Agreement between 11 nations, which is likely to be signed by next year. "I could not see the possibility of India joinng the TPP before the agreement is signed," Bower said.
He compared the India-United States ties to that of institution of marriage where there is always differences and they need to argue it out. When pointed out if there is a space for third party intervention in the bilateral ties, Bower said that no bilateral relation is airtight.
He said that Tibet is a marketing strategy to take a agressive principle and make China believe and understand that US is committed to be in Asia. "The truth is America has not done anything that we are not already planning to do in Asia. After fighting in Afghanistan and Iraq, American military presence is already planned to be strong in Asia so that the troops garland Australia and have a bigger presence in Sout East Asia. These all is a part of a longer term plan," said Bower.
"Our economic engagement in Asia makes sense economically and should be part of a strategy," he said.
He said US needs a strong and balanced relationship with India in which we have to understand issues over Pakistan, Afghanistan, bilateral issues, nuclear cooperation, immigration. All these things are important.
"We don't know what China wants. We don't want an unstable Asia as this will affect the economic growth. And America wants economic growth in Asia to survive itself. Our investment is here in Asia," he added.
American corporate houses, who earlier flocked to China, are now looking to India and Indonesia for investments as they find doing business in China is very tough, according to an US expert from a Washington-based think tank.
Addressing a Round table Discussion “Areas of Cooperation between India and ASEAN" organised by Center For Asian Studies here on Wednesday, Ernest Z Bower, senior advisor and Sumitro Chair for Southeast Asia Studies, Centre for Strategic and International Studies in Washington said that the corporates are now looking at India and Indonesia as US businessmen are finding it difficult to do business in China over international hacking of private information.
He also said that India is not sending strong signals to American business. They would love to be here, he said.
He also said that India is unlikely to be a member of The Trans-Pacific Partnership, a comprehensive and high-quality Free Trade Agreement between 11 nations, which is likely to be signed by next year. "I could not see the possibility of India joinng the TPP before the agreement is signed," Bower said.
He compared the India-United States ties to that of institution of marriage where there is always differences and they need to argue it out. When pointed out if there is a space for third party intervention in the bilateral ties, Bower said that no bilateral relation is airtight.
He said that Tibet is a marketing strategy to take a agressive principle and make China believe and understand that US is committed to be in Asia. "The truth is America has not done anything that we are not already planning to do in Asia. After fighting in Afghanistan and Iraq, American military presence is already planned to be strong in Asia so that the troops garland Australia and have a bigger presence in Sout East Asia. These all is a part of a longer term plan," said Bower.
"Our economic engagement in Asia makes sense economically and should be part of a strategy," he said.
He said US needs a strong and balanced relationship with India in which we have to understand issues over Pakistan, Afghanistan, bilateral issues, nuclear cooperation, immigration. All these things are important.
"We don't know what China wants. We don't want an unstable Asia as this will affect the economic growth. And America wants economic growth in Asia to survive itself. Our investment is here in Asia," he added.
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