WASHINGTON, DC- May 2, 2013- A The U.S.-India Business Council (USIBC) welcomes the nomination of a friend of India, Michael Froman, to the position of U.S. Trade Representative (USTR).
"Mike Froman has played a vital role in the U.S.-India trade and commercial relationship as the U.S. Government's chair of the U.S.-India CEO Forum, and as the U.S. 'Sherpa' for the G20. Mike has been pivotal in his role at the White House facilitating the first state visit of the Obama Administration, featuring the Prime Minister of India, and in planning President Obama's historic visit to India in November 2010.  There is no individual better qualified to fill this important position at this crucial time than Mike Froman," said USIBC President Ron Somers.
The U.S.-India Business Council has underwritten a study for an Economic Cooperation Arrangement between the United States and India with the Peterson Institute of International Economics to explore the contours for a potential free trade agreement between the United States and India, the world's largest free-market democracies.
USIBC was formed in 1975 at the request of the United States and Indian governments to advance two-way trade and deepen commercial ties. Today, USIBC is the premier business advocacy association comprised of nearly 400 of America's and India's top companies dedicated to enhancing the U.S.-India commercial relationship. Ajay Banga, President and CEO of MasterCard serves as USIBC's Chairman.

Press Release