India and the US have decided to act together for more investments and trade. Both the countries have signed a new set of rules of engagement in Washington.

They have anticipated that such initiatives will enhance the bilateral investment and trade opportunities. The pact was signed by India's Commerce and Industry Minister Mr. Anand Sharma and the US Trade Representative
(USTR) Mr. Ron Kirk. The inked pact has been named as 'Framework for Cooperation on Trade and Investment'.

As a median step of the deal, both Sharma and Kirk have announced the launching of a project named 'Integrating US and Indian Small Businesses into the Global Supply Chain'.

However, the trade and investment from both the countries have increased by almost 100% in last five years. Numerous US firms have found India as the most preferable spot to business at. The recent deal is expected to expand trade opportunities for companies in both the countries.

It will also create huge number of job opportunities for Indians as well as for the Americans. It is going to add another chapter to the bilateral trade relationships between the counties.