US-India Global Review

10 US-INDIA GLOBAL REVIEW JANUARY-MARCH 2018 to building an ambitious part- nership that benefits not only our two great democracies, but other sovereign nations working toward greater peace and stability. Prime Minister Modi’s visit in June highlighted the many areas of cooperation that are already underway in this new area of our strategic relationship. Our defense ties are grow- ing. We are coordinating our counterterrorism efforts more than ever before. And earlier this month, a shipment of American crude oil arrived in India, a tangible illustration of our expanding energy cooperation. The Trump administration is determined to dramatically deepen ways for the United States and India to further this partner- ship. For us today, it’s plain to see why this matters. India represents the world’s largest democracy. The driv- ing force of our close rela- tionship rests in the ties between our peoples – our citizens, business leaders, and our scientists. Nearly 1.2 million American visitors traveled to India last year. More than 166,000 Indian students are studying in the United States. And nearly 4 million Indian Americans call the United States home, con- tributing to their communities as doctors, engineers, and innovators, and proudly serv- ing their country in uniform. As our economies grow closer, we find more oppor- tunities for prosperity for our people. More than 600 American companies oper- ate in India. U.S. foreign direct investment has jumped by 500 percent in the past two years alone. And last year, our bilateral trade hit a record of roughly $115 billion, a number we plan to increase. Together, we have built a sturdy foundation of eco- nomic cooperation as we look for more avenues of expansion. The announce- ment of the first Global Entrepreneurship Summit ever to be hosted in South Asia, to take place in Hyderabad next month, is a clear example of how President Trump and Prime Minister Modi are promoting innovation, expanding job opportunities, and finding new ways to strengthen both of our economies. When our militaries con- duct joint exercises, we send a powerful message as to our commitment to protect- ing the global commons and defending our people. This year’s Malabar exercise was our most complex to date. The largest vessels from American, Indian, and Japanese navies demon- strated their power together in the Indian Ocean for the first time, setting a clear example of the combined strength of the three Indo- Pacific democracies. We hope to add others in com- ing years. In keeping with India’s sta- tus as a Major Defense Partner – a status over- whelmingly endorsed last year by the U.S. Congress – and our mutual interest in expanding maritime cooper- ation, the Trump administra- tion has offered a menu of defense options for India’s consideration, including the Guardian UAV. We value the role India can play in global security and stability and are prepared to ensure they have even greater capabili- ties. And over the past decade, our counterterrorism cooper- ation has expanded signifi- cantly. Thousands of Indian security personnel have trained with American coun- terparts to enhance their capacity. The United States and India are cross-screen- ing known and suspected terrorists, and later this year we will convene a new dia- logue on terrorist designa- tions. In July, I signed the desig- nation of Hizbul Mujahideen as a Foreign Terrorist Organization because the United States and India stand shoulder-to-shoulder against terrorism. States that use terror as an instrument of policy will only see their international reputation and standing diminish. It is the