July 4, 2006

WHY NOT TRILLIONS?:

Trade plan would allow nuclear sales to India (Farah Stockman, Globe Staff | July 3, 2006, Boston Globe)

Over the past six years, the largest consortium of businesses in India spent more than $1 million on fact-finding trips to India for US members of Congress, their staff, and spouses, and on lobbying Congress to pass a law that would fundamentally change India's relationship with the United States.

Last week, the efforts of the New Delhi-based Confederation of Indian Industry and a simultaneous lobbying campaign by American industrial companies paid off: Two key congressional committees approved a controversial plan to allow trade with India involving nuclear technology and other sensitive areas.

If the full Congress approves the plan, the deal would cement a historic new US-India alliance and open the doors to billions of dollars worth of high-tech and military sales to the South Asian nation. India will become the only country in the world to gain access to sensitive US nuclear technology without signing the Nuclear Nonproliferation Treaty and agreeing to give up its nuclear arsenal. In return, India would tighten its export controls and place some of its nuclear reactors under international inspections.

Supporters of the plan say it is a ``win-win" proposal, increasing business ties with one of the world's fastest-growing economies and strengthening nuclear safeguards in India at the same time.


Cement India into the Axis of Good and get them to reform their economy some more and there's no reason the Alliance shouldn't generate trillions in trade in a fairly short time.

Posted by Orrin Judd at July 4, 2006 12:57 PM
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