|Published:||Nov 06, 2010 8:25 PM EDT|
|Updated:||Nov 06, 2010 5:26 PM EDT|
MUMBAI, India (AP) - President Barack Obama is on a historic tour of India, kicking off an Asian trip with an appeal for greater cooperation between Washington and New Delhi on economic issues.
Obama said in a speech in Mumbai that he understands unease in India about the impact of U.S. goods flowing into the country. But he also said that increased trade would be a "win-win" situation for both countries.
He told the U .S.-India Business Council he sees huge untapped potential in the relationship. And he noted that India doesn't even rank among America's top 10 trading partners.
Obama told his audience, "There is no reason this nation can't be one of our top trading partners."
The president announced a host of new trade deals with India which he said would support creation of nearly 54,000 jobs in the United States.