US President Barack Obama today said the burning issue of international trade imbalance will be discussed by global leaders at the G-20 meeting in Seoul next week.Addressing the joint press conference with Prime Minister Dr Manmohan Singh after a delegation-level talks in New Delhi, Mr Obama emphasised that his country has no complaints against India as the trade balance is concerned.In 2009, India exported goods worth US$ 19.53 billion to the US and imported American goods worth $16.97 bn.Mr Obama said India has been moving in a more liberal direction consistently and has been very constructive partner in some of these international issues.Dr Singh said, he has an expectation from the G-20 meeting in Seoul for working towards a balanced global trade. The Prime minister said it was Mr Obama's initiative that led to the creation of G-20.The G-20 is a grouping of world's most influential developing and developed countries including India, China, Brazil, Russia, US, Germany, France, among others.G-20 Seoul meet is the fifth since it met for the first time in 2008 in Washington in the backdrop of the world financial crisis.
News On AIR | November 8, 2010 6:07 PM
G-20 meet will discuss international trade imbalance: Obama