•HRES 928 IH 
Whereas India has the world’s 12th largest economy in nomi-
nal gross domestic product (GDP), but rises to the 
world’s 3d largest economy when measured by purchasing 
power parity; 
Whereas, in 1991, India embarked on an economic liberaliza-
tion agenda with the intent of stimulating economic 
growth; 
Whereas India’s economic reforms in the intervening years 
have led to the doubling of its middle class as a percent-
age of total population; 
Whereas increased trade flows and greater global economic 
competitiveness have led to high growth in India in re-
cent years, including GDP growth of 9.2 percent in 2006; 
Whereas the rise of the Indian economy has significantly en-
hanced the economic relationship between the United 
States and India; 
Whereas trade between the United States and India was val-
ued at $32,000,000,000 in 2006; 
Whereas United States exports to India have doubled over 
the last five years; 
Whereas the United States is India’s largest trading partner; 
Whereas the United States is India’s largest investment part-
ner; 
Whereas the United States and India established the U.S.- 
India Economic Dialogue on March 23, 2000, in order to 
enhance their bilateral economic relationship; 
Whereas the Economic Dialogue was expanded in 2005 to in-
clude three new initiatives—the Information and Commu-
nication Technology Working Group, the CEO Forum, 
and the U.S.-India Agricultural Knowledge Initiative; 
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•HRES 928 IH 
Whereas new opportunities in the Indian market have in-
creased the competitiveness of United States companies 
that are globally engaged, and have helped to create new 
jobs in the United States, while improving the quality of 
life for Indians as well; 
Whereas the liberalization process in India is still underway; 
Whereas significant barriers to the free flow of goods, serv-
ices, and capital still exist in the Indian market; 
Whereas 650,000,000 Indians still live in poverty and lack 
access to the opportunities offered by the worldwide mar-
ketplace; 
Whereas Indian tariff and nontariff barriers to trade are even 
more damaging to the Indian economy than to the 
United States economy; 
Whereas the protection of intellectual property rights is a key 
issue for the United States economy in the 21st century; 
Whereas India’s increasingly technology- and knowledge- 
based economy is also facing a growing need for rigorous 
protection of intellectual property rights; 
Whereas a market-based, technology-neutral regulatory envi-
ronment is critical to fostering innovation; 
Whereas services account for a majority of both the United 
States and Indian economies; 
Whereas India has pursued free trade agreements with a 
number of its regional trading partners; 
Whereas the United States and India continue to participate 
in multilateral talks at the World Trade Organization 
(WTO); 
Whereas the United States is committed to continuing its 
leadership in the WTO, working toward a comprehensive 
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•HRES 928 IH 
agreement that brings about meaningful liberalization in 
the developed and developing worlds; and 
Whereas the United States is committed to working within a 
multilateral context to reduce subsidies, increase market 
access for all goods and services, and reduce nontariff 
barriers to trade: Now, therefore, be it 
Resolved, That it is the sense of the House of Rep-
resentatives that— 
(1) the United States should initiate negotia-
tions to enter into a free trade agreement with 
India; and 
(2) the United States and India should continue 
to vigorously pursue multilateral negotiations for a 
broad-based reduction in tariffs, subsidies, and other 
non-tariff barriers to trade throughout the developed 
and developing worlds. 
Æ 
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