New Delhi, Aug 12 (UNI) Expecting that liberalisation of the legal sector in India to be mutually beneficial to both India and the US, US Ambassador to India Richard R Verma has said if India has to fulfill its global economic potential, it must participate in the gradual globalisation of the legal profession. 'This is not the first time I’ve spoken about the opening of India’s legal service sector and the reason why I keep coming back to this topic is this: For India to fulfill its global economic potential, it must participate in the gradual globalisation of the legal profession,' Mr Verma said at an event on 'The Opening of India's Legal Services Sector' yesterday. 'The United States would welcome the opportunity to assist in the process. I want to see more exchanges between legal experts in India state bars and the American Bar Association in the United States,” the Ambassador said. 'Advances in educational accreditation would allow graduates of US legal educational institutions to practice law here which would strengthen the commercial and cultural ties between our countries,' he added. In a global marketplace, those willing to adapt and innovate will retain a competitive edge. 'I congratulate the government, and the various key stakeholders today for recognising this and helping to advance the discussion on legal liberalisation.' Common values and a shared commitment to the rule of law underpins the strong partnership between the United States and India. 'These shared values have allowed us to cooperate and grow together in so many other fields, and we only stand to benefit from extending our collaboration to the legal services sector,' Mr Verma said. He added, 'As India continues to build its stature as a global leader, in this as in all fields, you will continue to have a strong and steadfast partner in the United States.' UNI ASH AE ADG 1700